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Beginning in 7 years, (end of years 7, 8 and 9) Sally Mander will receive three annual benefit checks of $13,000 each. If Sally assumes an interest

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Beginning in 7 years, (end of years 7, 8 and 9) Sally Mander will receive three annual benefit checks of $13,000 each. If Sally assumes an interest rate of 8%, what is the present value of these checks?

Screen Shot 2019-04-25 at 5.52.17 PM.png

Screen Shot 2019-04-25 at 5.52.17 PM.png

Beginning in 7 years, (end of years 7, 8 and 9) Sally Mander will receive three annual benefit checks of $13,000 each. If Sally
assumes an interest rate of 8%, what is the present value of these checks? A $25,260
A $23,235
A $22,172 A $21,099

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