What is the present value of a series of 4 payments each


Question: What is the present value of a series of 4 payments, each $1,000, to be made at the end of years 1, 2, 3, 4? Assume that the interest rate is 14%.

Suggestion: Do this problem 2 ways, as shown in rows 11 and 12 below.

826_IR.png

Request for Solution File

Ask an Expert for Answer!!
Engineering Mathematics: What is the present value of a series of 4 payments each
Reference No:- TGS02272548

Expected delivery within 24 Hours