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The government is trying to borrow a large sum of money from investors today. It promises to make a payment of $363 ever
Posted: Wed Mar 09, 2022 8:45 am
by answerhappygod
- The Government Is Trying To Borrow A Large Sum Of Money From Investors Today It Promises To Make A Payment Of 363 Ever 1 (18.22 KiB) Viewed 38 times
The government is trying to borrow a large sum of money from investors today. It promises to make a payment of $363 every year forever, and the first payment starts three years from today. If the interest rate is 10% per year (compounded annually), what is the present value of the payments? (Round it to a whole number. "S" is required.)