What is the present value of $2,625 per year at a discount rate of 8%, if...

What is the present value of $2,625 per year at a discount rate of 8%, if the first payment is received six years from now and the last payment is received 20 years from now?

PLEASE USE excel

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Expert Solution

Assuming the payment is first received in year 7:

If it is not the right answer then, assuming the first payment is received in the year 6:-

jeff jeffy answered 1 year ago

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