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A wealthy man just died and left his pet dogs the following estate: $20,000 per year for the next 11 years with the first cash flow today. At a discount rate of 4.2%, what is th…

A wealthy man just died and left his pet dogs the following estate: $20,000 per year for the next 11 years with the first cash flow today. At a discount rate of 4.2%, what is th…
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A wealthy man just died and left his pet dogs the following estate: $20,000 per year for the next 11 years with the first cash flow today. At a discount rate of 4.2%, what is the doggy estate worth in today's dollars?

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User Katiyman
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7.5k points

1 Answer

8 votes
$20,000x4.2%=19,160.00
answered
User Rpechayr
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8.9k points
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