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​​​​​​​ Suppose you are going to receive \( \$ 11,000 \) per year for five years. The appropriate interest rate is 9 percent. a-1. What is the present value of the payments if t…

​​​​​​​ Suppose you are going to receive \( \$ 11,000 \) per year for five years. The appropriate interest rate is 9 percent. a-1. What is the present value of the payments if t…
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5 votes
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Suppose you are going to receive \( \$ 11,000 \) per year for five years. The appropriate interest rate is 9 percent. a-1. What is the present value of the payments if they are in the form of an ordin

asked
User Shawnda
by
7.0k points

1 Answer

6 votes

Answer: The present value of the payment is $40,498.32

Explanation:

answered
User Jakki
by
9.0k points
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