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What is the present value of $1,800 per year, at a discount rate of 14 percent if the first payment is received 6 years from now and the last payment is received 30 years from now? Group of answer choices $6,199.74 $6,238.87 $6,333.33 $6.425.25 $6,511.08

What is the present value of $1,800 per year, at a discount rate of 14 percent if the first payment is received 6 years from now and the last payment is received 30 years from now? Group of answer choices $6,199.74 $6,238.87 $6,333.33 $6.425.25 $6,511.08

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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What is the present value of $1,800 per year, at a discount rate of 14 percent if the first payment is received 6 years from now and the last payment is received 30 years from now? Group of answer choices $6,199.74 $6,238.87 $6,333.33 $6,425.25 $6.511.08
Transcribed Image Text:What is the present value of $1,800 per year, at a discount rate of 14 percent if the first payment is received 6 years from now and the last payment is received 30 years from now? Group of answer choices $6,199.74 $6,238.87 $6,333.33 $6,425.25 $6.511.08
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