Answer (Choose 1 answer)
A Feb, Inc., has borrowed from their bank at a rate of 8 percent and will repay the loan with interest over the next five years. Their scheduled payments, starting at the end of the year are as follows: $450,000, $560,000, $750,000, $875,000, and $1,000,000. What is the present value of these payments? (Round to the nearest dollar.)
Α. $2,615,432
Β. $2,815,885
C. $2,735,200
D. $2,431,224
I want to Inisin
1
