Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. what is the present value of $1,200 per month at a

What is the present value of $1,200 per month at a discount rate of 6%,...

60.1K

Verified Solution

Question

Finance

What is the present value of $1,200 per month at a discount rate of 6%, if the first payment is received 7 years from now and the last payment is received 22 years from now?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In clinical chemistry, explain what Pyridoxal-5’-Phosphate is, and how does it work?

Chemistry
Q

A restaurant prepares 200.00 pizza slices and sells them at a rate of $15.00/slice. Expenses for...

Finance
Q

Complete a Schedule of Cost of Goods Manufactured and a Manufacturing Company Income statement. Use the...

Accounting
Q

14 An electrical network is formed by two hexagon and joining grid points with wires...

Physics
Q

3 An electric bell has a resistance of 502 and requires a current of 0...

Physics
Q

Pick out the correct statement from the following A B C D Charge flows slower...

Physics
Q

Amanda just took out a loan for 950 at a 7 2 APR compounded monthly...

Geometry
Q

toothpaste A consumer advocacy group is highly suspicious of this claim and randomly surveys 269...

Statistics
Q

Based on the following data for the current year, what is the inventory turnover? Do...

Accounting
Q

Which of the following is a short-term financial instrument? O A Treasury bill Share of...

Finance
Q

agret leasing company signs anf agreement contract on Jan 12025. to lease an equipment to...

Accounting
Q

At 95% confidence, how large a sample should be taken to obtain a margin of...

Finance