Question: Jason will receive $ 8 , 5 0 0 a year for the next 1 5 years. Assuming an interest rate of 7 % ,

Jason will receive $8,500 a year for the next 15 years. Assuming an interest rate of 7%, calculate th present value of the future payments if first receipt occurs todav?
Jason will receive $8,500 a year for the next 15 years.

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