You have a partnership stake in a business that pays you equal payments of $3,500 at the end of each year for the next nine years. If the annual interest rate stays constant at 5%, what is the value of these payments in today's dollars? Round your answer to the nearest whole dollar. a. 21,145 b. 31,096 c. 26,121 d. 24, 877 You found out that now you are going to receive payments of $8,000 for the next 12 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 12%. What is the present value of these payments? Round your answer to the nearest whole dollar. a. 49,555 b. 55,502 c. 44,402
You have a partnership stake in a business that pays you equal payments of $3,500 at the end of each year for the next nine years. If the annual interest rate stays constant at 5%, what is the value of these payments in today's dollars? Round your answer to the nearest whole dollar. a. 21,145 b. 31,096 c. 26,121 d. 24, 877 You found out that now you are going to receive payments of $8,000 for the next 12 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 12%. What is the present value of these payments? Round your answer to the nearest whole dollar. a. 49,555 b. 55,502 c. 44,402
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 16P
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You have a partnership stake in a business that pays you equal payments of $3,500 at the end of each year for the next nine years. If the annual interest rate stays constant at 5%, what is the value of these payments in today's dollars? Round your answer to the nearest whole dollar.
a. 21,145
b. 31,096
c. 26,121
d. 24, 877
You found out that now you are going to receive payments of $8,000 for the next 12 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 12%. What is the present value of these payments? Round your answer to the nearest whole dollar.
a. 49,555
b. 55,502
c. 44,402
d. 74,928
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