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Your rich aunt has promised to give you $5,000 per year at the end of each of the next four years to help you pay for college. Using a discount rate of 7%, what is the present v…

Your rich aunt has promised to give you $5,000 per year at the end of each of the next four years to help you pay for college. Using a discount rate of 7%, what is the present v…
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Your rich aunt has promised to give you $5,000 per year at the end of each of the next four years to help you pay for college. Using a discount rate of 7%, what is the present value of the gift?

User DKM
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4 votes

☞ANSWER☜

7% of 5000 = 350

Percentage Calculator: 7 is what percent of 5000? = 350

User Willam
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