What is the present value of $3,000 paid at the end of each of the next 77 years if the interest rate is 10% per year? The present value is (Round to the nearest cent.) ...

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
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What is the present value of $3,000 paid at the end of each of the next 77 years if the interest rate is 10% per year?
The present value is
(Round to the nearest cent.)
...
Transcribed Image Text:What is the present value of $3,000 paid at the end of each of the next 77 years if the interest rate is 10% per year? The present value is (Round to the nearest cent.) ...
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