-17. Jane Frost wants to receive yearly payments of $15,000 for 10 years. How much must...

Question

Question

business accounting

Answer 1

Answer #1

Amount to be Invested = 88,338.48

PRESENT VALUE = $88,338.48 1-(1+r)^-n Present Value of annuity = P P r n = = = 15,000 11% 10 1- (1+0.11)^-10 = 15,000 0.11 P

Answer 2

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