Chaparrithaw172 Chaparrithaw172

21-04-2024
Business

Answered

Emit wants to make an initial payment P at year 0 hoping to get $400 annually from year 5 to year 10 (6 years). How much should be the initial payment at an 8% interest rate?
a) $1,749.38
b) $1,987.94
c) $1,900.00
d) $1,800.00

Answer :

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