You expect to receive 10 annual payments of $6,629, starting at the end of the year. How much are these payments worth today if the appropriate discount rate is 8.44 percent per annum? O $50,240.70 O $43,611.70 O $47,292.52 $40,663.52 O $46,559.87

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 9PROB
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You expect to receive 10 annual payments of $6,629, starting at the end of the year. How much are
these payments worth today if the appropriate discount rate is 8.44 percent per annum?
O $50,240.70
O $43,611.70
O $47,292.52
O $40,663.52
O $46,559.87
Transcribed Image Text:You expect to receive 10 annual payments of $6,629, starting at the end of the year. How much are these payments worth today if the appropriate discount rate is 8.44 percent per annum? O $50,240.70 O $43,611.70 O $47,292.52 O $40,663.52 O $46,559.87
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