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Vlada is planning on attending of University of Washington and is getting help from her grandparents with school. They agree to give her $14,277 today, $11,893 in one year, and $18,201 in two years. The interest rate 4%. What is the present value of these payments? Round your final answer to the nearest two decimal places.

Vlada is planning on attending of University of Washington and is getting help from her grandparents with school. They agree to give her $14,277 today, $11,893 in one year, and $18,201 in two years. The interest rate 4%. What is the present value of these payments? Round your final answer to the nearest two decimal places.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vlada is planning on attending of University of Washington and is getting help from her grandparents with school. They agree to give her $14,277 today, $11,893 in one year, and $18,201 in two years. The interest rate 4%. What is the present value of these payments? Round your final answer to the nearest two decimal places. S F S
Transcribed Image Text:Vlada is planning on attending of University of Washington and is getting help from her grandparents with school. They agree to give her $14,277 today, $11,893 in one year, and $18,201 in two years. The interest rate 4%. What is the present value of these payments? Round your final answer to the nearest two decimal places. S F S
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