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rev | Admin | (Created page with "'''Solution: C''' The PV of the first twenty payments is: <math display = "block"> 14,000\left(\frac{1-\left(\frac{1.04}{1.10}\right)^{20}}{0.10-0.04}\right)=157,337.48 </math> The PV of the remaining payments starting at time 21 is: <math display = "block"> 14,000(1.04)^{19}(1.01)\biggl(\frac{1}{0.10-0.01}\biggr)(1.10)^{-20}=49.202.44 </math> Total equals 206,539.92. {{soacopyright | 2023 }}") | Nov 18'23 at 19:07 | +403 |