What is the present value of $ 2,500 per year for 10 years discounted back to the present at 7 percent?

Question

asked Mar 13, 2024 33.3k views

1 Answer

Ibraheem Ibraheem · Answer 1 · 2024-03-19T02:14:31+0000

Answer:

$17,559

Explanation:

The present value of $2,500 per year for 10 years, discounted back to the present at 7 percent, is approximately $17,559.