Question

What is the value today of $5,100 per year, at a discount rate of 7.9%, if the first payment is received 6 years from today and the last payment is received 20 years from today?

Answer 1

$30,029.78

Explanation:

NPV = Cash flow / (1 + i)^t – initial investment (assuming initial investment =$1).

solve NPV

$30,029.78