The present value at j12 of a $10,000 payment today, followed by 32 monthly payments of $5000

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The present value at j12 of a $10,000 payment today, followed by 32 monthly payments of $5000 is $136,335.69. What is the present value of 33 monthly payments of $2000, first payment made today.

If the payments earn the same interest rate of j12?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Jun 27, 2023 10:52 AM

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The present value at j12 of a $10,000 payment today, followed by 32 monthly payments of $5000

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SOLUTION To solve this problem we can use the concept of present value and the formula for the prese... View the full answer

Intermediate Accounting

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