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You will receive 21 annual payments of $19,500. The first payment will be received 4 years from today and the interest rate is 4.8 percent. What is the value of the payments tod…

You will receive 21 annual payments of $19,500. The first payment will be received 4 years from today and the interest rate is 4.8 percent. What is the value of the payments tod…
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10 votes
You will receive 21 annual payments of $19,500. The first payment will be received 4 years from today and the interest rate is 4.8 percent. What is the value of the payments today

asked
User Redct
by
8.3k points

1 Answer

11 votes

Answer: 936

Explanation: 4.8% of 19,500 = 936

answered
User Alexey Kharchenko
by
9.0k points
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