Question
In: Finance
Calculate the present worth of 15 uniform payments of $6,600 that begin 1 year from now...
Calculate the present worth of 15 uniform payments of $6,600 that begin 1 year from now at an interest rate of 14% per year.
The present worth is $???
Solutions
Expert Solution
Solution :
The present worth of 15 uniform payments of $6,600 that begin 1 year from now at an interest rate of 14% per year is = $ 40,538.3087
= $ 40,538.31 ( when rounded off to two decimal places )
Please find the attached screenshot of the excel sheet containing the detailed calculation for the solution.
jeff jeffy answered 1 year agoRelated Solutions
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