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

Answered by FinanceQ
Sorry, they are the years