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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