what is the present value of 4300 per year at discount of 10%if first payment is received in 6 years from now and the last payment is received 20 years from now
Answer:
Present Value | 2037.94 |
Explanation:
Present value = Present value annuity factor for 14 years x Discount
= 4.7228 x $4,300
= $2037.94
*Present value factor was taken four decimals.
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