Question: You are set to receive $ 1 , 0 0 0 each year for 1 0 years, with the first payment arriving today. What is

You are set to receive $1,000 each year for 10 years, with the first payment arriving today. What is the present value of these payments if the
applicable interest rate is 5%?
$8,108
$7,722
$5,000
$6,139
You are set to receive $1,000 each year for 10 years,

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