Finance

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What is the present value of the following payments? The interest rate is 8.5%.

\$200 \$200 \$200 \$200 \$200+\$1,000
I--------I-------I-------I-------I-------I
0 1 2 3 4 5

• Finance -

What do the numbers 0,1,2,3,4,5 represent?

• Finance -

Sorry, they are the years

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