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What is the present value of this series of payment

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Question - A 20 payments of $10,000, the first payment to be made 15 years from today. Assuming a discount rate of 10%, what is the present value of this series of payment?

Assume the payment schedule in problem 1 changes as follows:

17 years from today is waived, and

$20,000 is made 18 years from today.

Assuming a discount rate of 10%, what is the present value of this series of payments?

Reference no: EM132090745

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