Find the present value of 30 annual payments of $3,500 per annum where the first payment is made 11 years from now. So there are 30 annual payments from t=11 to t=40 inclusive. The discount rate is 19% pa. The present value of these payments is: Select one: a. $18,421.05 b. $18,302.35 c. $3,234.78 d. $3,217.26 e. $17.52.

Find the present value of 30 annual payments of $3,500 per annum where the first payment is made 11 years from now. So there are 30 annual payments from t=11 to t=40 inclusive. The discount rate is 19% pa. The present value of these payments is: Select one: a. $18,421.05 b. $18,302.35 c. $3,234.78 d. $3,217.26 e. $17.52.

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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