Answer to Question #114159 in Finance for rita

Question #114159
What is the value today of $3,100 per year, at a discount rate of 9 percent, if the first payment is received 5 years from today and the last payment is received 15 years from today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
1
Expert's answer
2020-05-08T14:47:21-0400

Present value of annuity for 10 years =

=19894.74

Present value for 5 years =

=12930.22

Value today is 12930.22


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