What is the present value, Finance Basics

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What is the present value

Problem:

What is the present value of $1,100 per year, at a discount rate of 10 percent if the first payment is received 6 years from now and the last payment is received 30 years from now?

a. $6,200

b . $6,239

c. $6,333

d. $6,420

e. $6,511

Explain in detail and show all work.

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Finance Basics: What is the present value

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Finance Basics: What is the present value

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Recent Questions Asked Finance Basics

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What is the present value

Reference No:- TGS0877468

Recent Questions Asked Finance Basics

Q : Determine the cost of the cash discounts

Q : Explain how communication assist with change strategy

Q : What is the effective annual rate

Q : Maximize interest income

Q : What is the present value

Q : Formulate as a linear programming problem

Q : Company new required rate of return

Q : Determine optimal order quantity

Q : Loan amortization and ear

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