Kathy Lynn will receive a payment of $5000 per year for 7 years beginning 3 years from today At a discount rate of 9 percent, what is the present value of this deferred annuity ...

Payment Received 5000 per year Time Period 7 years Discount Rate 9 Present Value of Deferred A ...

Kathy Lynn will receive a payment of $5000 per year for 7 years beginning 3 years from

Question:

Kathy Lynn will receive a payment of $5000 per year for 7 years beginning 3 years from today. At a of 9 percent, what is the present value of this deferred annuity?
Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...