Question

. What is the present value of $1,800 per year, at a discount rate of 12...

. What is the present value of $1,800 per year, at a discount rate of 12 percent, if the first payment is received 4 years from now and the last payment is received 22 years from now?

  1. $2,453.15
  2. $9,437.07
  3. $9,248.32
  4. $13,258.40 <this was wrong
  5. $9,288.31
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