John Smith will receive $8,500 a year for the next 15 years from her trust. If a 7 percent interest rate is applied, what is the current value of the future payments?

John Smith will receive $8,500 a year for the next 15 years from her trust. If a

7 percent interest rate is applied, what is the current value of the future payments?

John Smith will receive $8,500 a year for the next 15 years from her trust. If a 7 percent interest rate is applied, what is the current value of the future payments?