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QUESTION
what is the present value of $10,000 paid at the end of each of the next 70 years if the interest rate is 9% per year?
what is the present value of $10,000 paid at the end of each of the next 70 years if the interest rate is 9% per year?
need it now please
Present Value Cumulative discount factor=(1-(1+i)^-n)/i=11.0844 $ 110,844 Where,in == Interest Ratelife