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A.$7700 each year for 18 years at 13 percent Round your answer to 2 decimal places B You have just been notified that you will receive $8900 a year for the next 19 years from an inherited

A.$7,700 each year for 18 years at 13 percent. (Round your answer to 2 decimal places.)
B.
 You have just been notified that you will receive $8,900 a year for the next 19 years from an inherited trust. If the interest rate is 9 percent, how much should you be willing to accept today in exchange for the annual payments? (Enter your answer as a positive number rounded to 2 decimal places.)

Jun 26 2020 View more View Less

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