What is the present value of the following annuity? $3,899 every year at the end of...

What is the present value of the following annuity?
$3,899 every year at the end of the year for the next 14 years, discounted back to the present at 12.57 percent per year, compounded annually?

Expert Solution

ANSWER

Present Value =

25106.76

jeff jeffy answered 6 months ago

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