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Suppose you are going to receive $13,800 per year for six years. the appropriate interest rate is 8.7 percent. what is the present value of the payments if they are in the form …

Suppose you are going to receive $13,800 per year for six years. the appropriate interest rate is 8.7 percent. what is the present value of the payments if they are in the form …
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Suppose you are going to receive $13,800 per year for six years. the appropriate interest rate is 8.7 percent. what is the present value of the payments if they are in the form of an ordinary annuity?

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User Alex Savitsky
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8.5k points

1 Answer

3 votes


13.800 * 6 / 8.7\%
answered
User Dgrant
by
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