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What is the present value of the following annuity? 4083 every year at the end of...

What is the present value of the following annuity? 4083 every year at the end of the year for the next 7 years, discounted back tot he present at 17.61% per year, compounded annually?

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Expert Solution

Year Cash Flow PVF at 17.61% Present Value
1    4,083.00                0.8503             3,471.64
2    4,083.00                0.7230             2,951.83
3    4,083.00                0.6147             2,509.84
4    4,083.00                0.5227             2,134.04
5    4,083.00                0.4444             1,814.50
6    4,083.00                0.3779             1,542.82
7    4,083.00                0.3213             1,311.81
Present Value           15,736.48

jeff jeffy answered 1 year ago
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