On january 1, 2021, you are considering making an investment that will pay three annual payments of $10,000. the first payment is not expected until december 31, 2024. you are eager to earn 3%. what is the present value of the investment on january 1, 2021?

Explanation:

this question can be solved by applying the concept of present value:

where FV is future value, PV is the present value, i is the periodic interest rate and n is the number of periods. the key here is to make a good counting of the different periods of time, for example if the first payment on December 31,2024 is calculated on Januari 1,2021 there will be 3 years for discounting proccess so:

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

i hope this you! : )

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