Present value of an ordinary annuity: Dynamics Telecommunications Corp. has made an investment in another company that
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Present value of an ordinary annuity: Dynamics Telecommunications Corp. has made an investment in another company that will guarantee it a cash flow of $22,500 each year for the next five years.
If the company uses a discount rate of 15 percent on its investments, what is the present value of this investment?
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Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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