A Company Enters into an Agreement to Make 5 Annual

question 187

Short Answer

A company enters into an agreement to make 5 annual year-end payments of $3,000 each, starting one year from now. The annual interest rate is 6%. The present value of an annuity factor for 5 periods at 6% is 4.2124. What is the present value of these five payments?

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Quantitative Variables

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The level of competence or skill that an individual possesses in coding with programming languages.