An investment pays 300 annually for five years, with the first payment occurring today. The present value

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An investment pays €300 annually for five years, with the first payment occurring today.

The present value (PV) of the investment discounted at a 4% annual rate is closest to:

A. €1,336.

B. €1,389.

C. €1,625.

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Quantitative Investment Analysis

ISBN: 9781119743620

4th Edition

Authors: CFA Institute

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Question Posted: Oct 25, 2024 10:05 AM

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An investment pays 300 annually for five years, with the first payment occurring today. The present value

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Quantitative Investment Analysis

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