Question: Q20 PLEASE ANSWER CORRECTLY AND PROMPTLY!! PLEASE SHOW ALL WORK!! Suppose someone promises to give you $800 per year, every year forever, beginning in 8

Q20 PLEASE ANSWER CORRECTLY AND PROMPTLY!! PLEASE SHOW ALL WORK!!

Q20 PLEASE ANSWER CORRECTLY AND PROMPTLY!! PLEASE SHOW ALL WORK!! Suppose someone

Suppose someone promises to give you $800 per year, every year forever, beginning in 8 years. If the interest rate is 7%, how much is this worth today? A. .07(1.07)8800=$6,651.53 B. .07(1.07)7800=$7,117.14 C. .07(1.07)6800=$7,615.34 D. .07(1.07)9800=$6,216.39 E. (1.07)8800=$465.61 F. .07800=$11,428.57 G. .07800(1(1.07)81)=$4,777.04

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