Homework Help: Math

Posted by Kenya on Monday, July 23, 2012 at 11:32am.

If a hospital received $5,000 in payments per year at the end of each year for the next tweleve years from an uninsured patient who underwent an expensive operation, what would be the current value of these commection payments:

at 3% rate of return?

at a 13% percent rate of return?

If the funds were received at the beginning of the year, what would be the current value of these collection payment?

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