Suppose you face the prospect of receiving $1,117 per year for the next 7 years plus an extra $856 payment at the end of 7 years.
Determine how much this prospect is worth today if the required rate of return is 12 percent.
(Round present value factor calculations to 4 decimal places, e.g. 1.2151 and final answer to 2 decimal places, e.g. 125.25. Enter negative amounts using either a negative sign preceding the number e.g. -45.12 or parentheses e.g. (45.12).)
Present value $__________
- Attachment 1
- Attachment 2