B owes C $3,000 per year, due over the next six years. However, C feels he needs the cash now and wants to make an offer to B for settlement at this time. If you were B, to the nearest dollar what is the maximum you would be willing to pay (assuming you have the cash to pay) in settlement today if the current interest rate is 15 percent? (Assume the first payment is due one year from today.) $_______________________.

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The Answer of B owes C $3,000 per year, due over the next six years. However, C feels he needs the cash now and wants to make an offer to B for settlement at this time. If you were B, to the nearest dollar what is the maximum you would be willing to pay (assuming you have the cash to pay) in settlement today if the current interest rate is 15 percent? (Assume the first payment is due one year from today.) $_______________________.

B Owes C $3,000 Per Year, Due Over the Next