plan A plan B plan C Down payment 10,000 8,000 5,761.09 Annual payments 3,076.15 10,077.19 2,396.62 Years 25 25 25 Discount rate 14% 14% 14% What is the present value of plan C?

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: The Basic Tools Of Finance
Section: Chapter Questions
Problem 3CQQ
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plan A
plan B
plan C
Down payment
10,000
8,000
5,761.09
Annual payments
3,076.15
10,077.19
2,396.62
Years
25
25
25
Discount rate
14%
14%
14%
What is the present value of plan C?
Transcribed Image Text:plan A plan B plan C Down payment 10,000 8,000 5,761.09 Annual payments 3,076.15 10,077.19 2,396.62 Years 25 25 25 Discount rate 14% 14% 14% What is the present value of plan C?
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