What is the current value of the future payments
Problem:
Jean Splicing will receive $8,500 a year for the next 15 years from her trust. If a 7 percent interest rate is applied, what is the current value of the future payments.
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Jean Splicing will receive $8,500 a year for the next 15 years from her trust. If a 7 % interest rate is applied, what is the current value of future payments.
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