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4 Problem Set i Saved 2 What is the present value of $4,300 per year at a discount rate of 10 percent if the first payment is

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

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Answer #1

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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