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Find the present value of 20 annual payments of $2,000 per annum where the first payment is made 14 years from now. So there are 20 annual payments from t=14 to t=33 inclusive. The discount rate is 18% pa. The present value of these payments is: Select one: O a. $47.17 O b. $405.62 O c. $1,244.92 O d. $1,287.44 O e. $11,111.11

Find the present value of 20 annual payments of $2,000 per annum where the first payment is made 14 years from now. So there are 20 annual payments from t=14 to t=33 inclusive. The discount rate is 18% pa. The present value of these payments is: Select one: O a. $47.17 O b. $405.62 O c. $1,244.92 O d. $1,287.44 O e. $11,111.11

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 14P
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Find the present value of 20 annual payments of $2,000 per annum where the first payment is made 14 years from now. So there are 20 annual payments from t=14 to t=33 inclusive. The discount rate is 18% pa. The present value of these payments is: Select one: a. $47.17 O b. $405.62 O c. $1,244.92 O d. $1,287.44 e. $11,111.11
Transcribed Image Text:Find the present value of 20 annual payments of $2,000 per annum where the first payment is made 14 years from now. So there are 20 annual payments from t=14 to t=33 inclusive. The discount rate is 18% pa. The present value of these payments is: Select one: a. $47.17 O b. $405.62 O c. $1,244.92 O d. $1,287.44 e. $11,111.11
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