Question 1201070
payments at the end of each year = 6,519.00
calculator used is at <a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a>
resuls are shown below:
<img src = "http://theo.x10hosting.com/2023/031901.jpg">
present value is positive because it's money received.
payments are negative because it's money spent.
interest rate is 7.3% per year.
number of years is 14.
payments are made at the end of each year.