24 Calculate the present worth of 10 uniform payments of 108

24 Calculate the present worth of 10 uniform payments of $10,800 that begin 1 year from now at an interest rate of 6% per year. The present worth is $ 021133

Solution

Answer = $79489.08

Reason -

present value = cashflow * present value annuity factor, 6%, 10 yr

= Present value = $10800 * 7.3601

= Present worth = $79489.08