Answer:
The correct answer is $20,369.65.
Explanation:
According to the scenario, the computation of the given data are as follows:
Payment (pmt) = $2,025
Discount rate ( rate) = 7%
Time period ( Nper) ( 6 -23 years) = 18 years
So, we can calculate the Present value by using financial calculator.
Attachment is attached below.
So, Present Value = $20,369.65
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In Texas, the second 30 days of the legislative session are
mainly reserved for the committee consideration of the bills and resolutions. Hence,
the Texas Constitution limits the duration of each special session to 30 days. Lawmakers
may consider only those issues designated by the governor I his call or proclamation
to come together in the special session.