SOLUTION: What would you be willing to pay today to receive $5000 at the beginning of each year for the next 10 years if interest is earned at a rate of 8% compounded annually?

SOLUTION: What would you be willing to pay today to receive $5000 at the beginning of each year for the next 10 years if interest is earned at a rate of 8% compounded annually?

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Question 250162: What would you be willing to pay today to receive $5000 at the beginning of each year for the next 10 years if interest is earned at a rate of 8% compounded annually?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
Bad question!
Nothing. I don't want any crooked loans from the likes of Bernie Madoff.
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