53100 payments to be made at the end of each period for 17 p

$53,100 payments to be made at the end of each period for 17 periods at 9%. (Round actor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Present value LINK TO TEXT

Solution

Q1. Annual Cash inflows 53100 Annuity factor for 17 years at 9% 8.5436 Present value 453665.2 Q2. Annuity for 10 years at 12% 5.6502 Less: Annuity for 6 years at 12% 4.1114 Annuity factor for 7-10 years 1.5388 Annual cash inflows 53100 Present value 81710.28