I will receive $20,000 today(1/1/06) and also on each 1/1/ for the next 5 years . What is the present value of the six $20,000 receipts, assuming a 12% interest rate?
clove1
Nov 29, 2008, 11:18 PM
will receive $20,000 today(1/1/06) and also on each 1/1/ for the next 5 years . What is the present value of the six $20,000 receipts, assuming a 12% interest rate?