Your uncle has said that if you agree to finish college he will
give you equal payments of $3,000 at the end of each year for the
next five years. If the annual interest rate stays constant at 8%,
what is the value of these payments in today’s dollars? Round your
answer to the nearest whole dollar.
You found out that now you are going to receive payments of $10,000 for the next 15 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 16%. What is the present value of these payments? Round your answer to the nearest whole dollar.
You found out that now you are going to receive payments of $10,000 for the next 15 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 16%. What is the present value of these payments? Round your answer to the nearest whole dollar.
