40.7k views
5 votes
​​​​​​​

Suppose you are going to receive \( \$ 11,000 \) per year for five years. The appropriate interest rate is 9 percent. a-1. What is the present value of the payments if they are in the form of an ordin

User Shawnda
by
7.0k points

1 Answer

6 votes

Answer: The present value of the payment is $40,498.32

Explanation:

User Jakki
by
9.0k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories