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Determine the current value of the future payments

Problem:

Jean will receive $8,500 per year for the next 15 years from her trust. If a 7% interest rate is applied, what is the current value of the future payments? Describe how you solved this problem, including which table (for example, present value and future value) was used and why.

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Finance Basics: Determine the current value of the future payments

Reference No:- TGS02035628

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