What is the present value of these payments

Reference no: EM131023512

You plan to receive annual payments of $4,000 at the end of each year for ten years. The first payment will be received in year 3. What is the present value of these payments if the discount rate is 9 percent?

19,822.44

21,606.46

25,670.633,551.04

27,176.56

Reference no: EM131023512

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