Question: Problem 5 - 4 9 Present Value and Multiple Cash Flows [ LO 1 ] What is the present value of $ 2 , 8

Problem 5-49 Present Value and Multiple Cash Flows [LO 1]
What is the present value of $2,825 per year, at a discount rate of 7 percent, if the first payment is received 9 years from now and the last payment is received 22 years from today?

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