Question

Sunland Company makes an investment today (January 1, 2020). They will receive $77000 every December 31st for the next six years (2020 – 2025). If Sunland wants to earn 9% on the investment, what is the most they should invest on January 1, 2020?

Answer 1

see explanation

Step-by-step explanation:

The most they should invest on January 1, 2020 is called the Present value Amount. Thus calculate the Present Value.