What is the present value of $8,500 per year at a discount rate of 6.7 percent if

Question:

What is the present value of $8,500 per year at a discount rate of 6.7 percent if the first payment is received 6 years from now and the last payment is received 25 years from now?

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...

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