You will receive a series of $1,263 payments, annually, beginning exactly 8 years from today,...
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Accounting
You will receive a series of $1,263 payments, annually, beginning exactly 8 years from today, for a total of 10 payments. The relevant interest rate (your opportunity cost) is 7% (as an EAR). What is the present value today (year 0) of this series of payments? Do not round any intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 12.345678 then you should enter 12.35). Margin of error for correct answers: +/-.05
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