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  3. you will receive a series of $1,280 payments, annu

You will receive a series of $1,280 payments, annually, beginning exactly 6 years from today,...

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Accounting

image You will receive a series of $1,280 payments, annually, beginning exactly 6 years from today, for a total of 10 payments. The relevant interest rate (your opportunity cost) is 5% (as an EAR). The present value today (year 0 ) of this series of payments is $ Margin of error for correct responses: +/- .05 Rounding and Formatting instructions: Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your *final* response to 2 decimal places (example: if your answer is 12.3456,12.3456%, or $12.3456, you should enter 12.35 )

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