Asked by FinanceQ
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
$200 $200 $200 $200 $200+$1,000
I--------I-------I-------I-------I-------I
0 1 2 3 4 5
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