whats the present value of a $900 annuity payment over five years if interest rates are...

Question

Question

whats the present value of a $900 annuity payment over five years if interest rates are 8 percent

business economics

Answer 1

Answer #1

r = 8% , t = 5 years

Present value = PV = 900/(1 + 8%) + .... + 900/(1 + 8%)⁵

PV= $ 3593.44

Answer 2

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