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QUESTION
Hi, if you could help me with this I would really appreciate it! Beginning in 5 years, (end of years 5, 6 and 7) Sally Mander will receive three
Hi, if you could help me with this I would really appreciate it!
Beginning in 5 years, (end of years 5, 6 and 7) Sally Mander will receive three annual benefit checks starting with $25,000 (year 5), then $30,000 (year 6) and in year 7 $40,000. If Sally assumes an interest rate of 5%, what is the value of these checks today?
