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How much must taraz aina pay right now in order

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Question - Taraz Aina is obligated to make the following payments to a loan company:

Timing Amount Right Now $7,500

At the end of one year $15,000

At the end of two years $22,500

At the end of three years $75,000

The interest rate on the loan is 12% compounded annually, and there is no penalty for early payment. How much must Taraz Aina pay right now in order to completely satisfy her obligation under this loan? Note: The amount she must pay right now includes the $7,500 that is due right now.

Reference no: EM131562723

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