What is the present value of $3,000 paid at the end of each of the...
70.2K
Verified Solution
Link Copied!
Question
Finance
What is the present value of $3,000 paid at the end of each of the next 70 years if the interest rate is 6% per year? The present value is $ (Round to the nearest cent.)
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!
