We Pay Insurance Company will pay you $1,575 each quarter for 25 years. You want to earn a minimum interest rate of 1.04 percent per quarter. What is the most you are willing to pay today for these payments? Multiple Choice $94,37185 $97,066.36 $92.744.75 $97626.05 $274,725.83

We Pay Insurance Company will pay you $1,575 each quarter for 25 years. You want to earn a minimum interest rate of 1.04 percent per quarter. What is the most you are willing to pay today for these payments? Multiple Choice $94,37185 $97,066.36 $92.744.75 $97626.05 $274,725.83

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 13PROB

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We Pay Insurance Company will pay you $1,575 each quarter for 25 years. You want to earn a minimum interest rate of 1.04 percent per quarter. What is
the most you are willing to pay today for these payments?
Multiple Choice
$94,371.85
$97,066.36
$92,744.75
$97,626.05
$274,725.83

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