Answer to Question #114910 in Finance for rita dargham

Question #114910
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
2020-05-12T10:43:53-0400

i-discount rate

n-year

PV-present value

FV-future value


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