What would be the current value of these collection payments

Reference no: EM13273339

If a hospital were to receive $4,000 per year in payments at the end of each year for the next 12 years from an uninsured patient who underwent an expensive operation, what would be the current value of these collection payments: a) at a 4% rate of return? b) at a 14% rate of return?

Reference no: EM13273339

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