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What is the present day value of twenty annual periodic payments of $30,000 paid at the...

What is the present day value of twenty annual periodic payments of $30,000 paid at the end of each year at a discount rate of 2.7%?

Solutions

Expert Solution

Present value of periodic payments=

(30,000 for the end of 20 years @ 2.7%)

= (30,000*15.928)

= $ 458,959.43

Hence the present value will be $ 4,58,959.43

jeff jeffy answered 3 years ago
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