22. If a hospital received $15,000 in payments per year at the end of each year for the next six years from an uninsured patient who underwent an expensive operation, what would be the current value of these collection payments: a. At a 3 percent rate of return? b. At a 6 percent rate of return? If the funds were received at the beginning of the year, what would be the current value of these collection pavments for each of the two rates of return?

22. If a hospital received $15,000 in payments per year at the end of each year for the next six years from an uninsured patient who underwent an expensive operation, what would be the current value of these collection payments: a. At a 3 percent rate of return? b. At a 6 percent rate of return? If the funds were received at the beginning of the year, what would be the current value of these collection pavments for each of the two rates of return?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 22P

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