Lisa Carson has the opportunity to receive $15,000 now or $22,000 in 4 years. If

Question

Lisa Carson has the opportunity to receive $15,000 now or $22,000 in 4 years. If Lisa can earn 9 percent on her investments, what is the present value of the $22,000 payment? (do not use the dollar sign ($) in your answer). Lisa Carson has the opportunity to receive $15,000 now or $22,000 in 4 years. If Lisa can earn 9 percent on her investments, what is the present value of the $22,000 payment? (do not use the dollar sign ($) in your answer). Lisa Carson has the opportunity to receive $15,000 now or $22,000 in 4 years. If Lisa can earn 9 percent on her investments, what is the present value of the $22,000 payment? (do not use the dollar sign ($) in your answer). Lisa Carson has the opportunity to receive $15,000 now or $22,000 in 4 years. If Lisa can earn 9 percent on her investments, what is the present value of the $22,000 payment? (do not use the dollar sign ($) in your answer).

Explanation / Answer

Hi,

Please find the answer as follows:

Present Value of 22000 Payment = 22000/(1+.09)^4 = 15585.35 or 15585

Answer is 15585.35 or 15585.

Thanks.

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