What is the present value of a payment made in seven years

Reference no: EM132048593

Question: What is the present value of a $1,550 payment made in seven years when the discount rate is 9 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132048593

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