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
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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You have a
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
a. 49,555
b. 55,502
c. 44,402
d. 74,928
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