What's the present value, when interest rates are 6.80 percent, of a $280 payment made every year forever

$4,118

Explanation:

The computation of the present value is shown below:

Present value is

= Payment made every year ÷ rate of interest

= $280 ÷ 6.80%

= $4,118

Hence, the present value is $4,118 and the same is to be considered

We simply divide the payment made every year from the rate of interest so that the present value could come

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best of luck,

the divergent