You found out that now you are going to receive payments of $7,000 for the next 14 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 14%.
What is the present value of these payments? (Note: Round your answer to the nearest whole dollar.)
$64,661
$38,318
$47,897
$42,015

sorry

step-by-step explanation:

sorry, but im pretty sure its a now that i look at it

see explanation

step-by-step explanation:

a

(6r + 7) + (13 + 7r) ( remove brackets and collect like terms )

= 6r + 7 + 13 + 7r

= 13r + 20

b

remove brackets and collect like terms

13 - r - 1 + r

= 12 - r

c

remove brackets and collect like terms

= - 8 - r + 2r - 4

= - 12 + r

d

remove brackets and collect like terms

= 7r - - - 6r

[-   - = - - = - ]

= r -