What is the present value of promised payments

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Reference no: EM131312368

Ethan sells his car to Seamus. Seamus promises to pay Ethan $950 at the end of each year for 10 years. What is the present value of Seamus's promised payments if the interest rate is 8 %?

What is the present value of Seamus's promised payments?

Reference no: EM131312368

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What is the present value of promised payments : Ethan sells his car to Seamus. Seamus promises to pay Ethan $950 at the end of each year for 10 years. What is the present value of Seamus's promised payments if the interest rate is 8 %? What is the present value of Seamus's promised payments?

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