Find the present value of 30 annual payments of $3,500 per annum where the first payment is made 11 years from now. So there are 30 annual payments from t=11 to t=40 inclusive. The discount rate is 19% pa. The present value of these payments is: Select one: a. $18,421.05 b. $18,302.35 c. $3,234.78 d. $3,217.26 e. $17.52.
Find the present value of 30 annual payments of $3,500 per annum where the first payment is made 11 years from now. So there are 30 annual payments from t=11 to t=40 inclusive. The discount rate is 19% pa. The present value of these payments is: Select one: a. $18,421.05 b. $18,302.35 c. $3,234.78 d. $3,217.26 e. $17.52.
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 10P
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Find the present value of 30 annual payments of $3,500 per annum where the first payment is made 11 years from now. So there are 30 annual payments from t=11 to t=40 inclusive. The discount rate is 19% pa. The present value of these payments is:
Select one:
a. $18,421.05
b. $18,302.35
c. $3,234.78
d. $3,217.26
e. $17.52.
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