What is the present value of $ 4 comma 000$4,000 paid at the end of each...

Question

Question

What is the present value of $ 4 comma 000$4,000 paid at the end of each of the next 69years if the interest rate is 4% per year

Answer 1

Answer #1

Ans $ 93321.18

Present value of $4,000 paid at the end of each of the next 69years if the interest rate is 4% per year is $ 93321.18

Annuity PV Factor (End of Period) = P[1-(1 +r)^-n] 4000* ( 1-((1/(1+4%)^69) 4% 3732.847293 0.04 93321.18

Answer 2

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