Question
In: Finance
If the appropriate interest rate is 8%, then present value of $500 paid at the beginning...
If the appropriate interest rate is 8%, then present value of $500 paid at the beginning of each of the next 40 years is:
(Please write numbers only, no "$", no ",", round to the dollar, no decimal. i.e. write $1,234.56 as 1235)
Solutions
Expert Solution
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| Present value of $500 | $500*12.87858 | 6,439 | |
| 12.87858 is n=40 Years, i=8% with beginning of the year year | |||
jeff jeffy answered 2 years agoRelated Solutions
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---------------------------------------------------------------------
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