Suppose the Interest Rate Is 3% and That You Are

question 92

Short Answer

Suppose the interest rate is 3% and that you are to receive three annual payments of $1,000, with the first payment today, the second payment one year from now, and the third payment two years from now. What is the present value of this stream of payments?

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Definitions:

College Campus

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The act of self-inflicted death by individuals in their teenage years or early twenties.

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Durkheim

A sociologist known for his contributions to the understanding of societal structures, collective consciousness, and social norms.