Obama Ltd has made an investment that is expected to generate a cash flow of $20,000 each
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Obama Ltd has made an investment that is expected to generate a cash flow of $20,000 each year for the next five years. If Obama uses a discount rate of 5% on this investment, the present value of this investment for Obama is (to the nearest dollar):
a. $86,590
b. $101,766
c. $101,154
d. $101,000
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Related Book For
Stock Markets And Corporate Finance A Primer
ISBN: 9781800611474,9781800611498
1st Edition
Authors: Michael Dempsey
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