Find out present value, Find out present value of $300

Find out present value

Reference no: EM1327957

What is the present value of $300 received at the beginning of each year for 5 years? Assume that the first payment is not received until the beginning of the third year (thus the last payment is received at the beginning of the 7th year). Assume the discount rate is 10% p.a. Draw timeline(s) to demonstrate your calculations.

Reference no: EM1327957

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