XYZ can make three annual payments at the end of the next three years. Instead, XYZ can skip making the next two payments and make one large payment in three years in the amount of $5,184,000. If the interest rate on the loan is 6%, then the annual payment that will make XYZ indifferent between the two forms of payments is closest to?

 

Answer rating: 100% (QA)

Heres how to find the annual payment that makes XYZ indifferent between the two options Present Valu... View the full answer