PV of unequal cash flows You decide to become a professional gambler. You estimate that you can
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PV of unequal cash flows You decide to become a professional gambler. You estimate that you can make $20,000 next year betting on sports. You then figure you will be better at it, so you estimate you will make $30,000 at the end of the second year and $35,000 at the end of the third year. What is the present value of this stream of income if the interest rate is 6.5 %, annually?
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Applied Corporate Finance Questions Problems And Making Decisions In The Real World
ISBN: 9781493952991
1st Edition
Authors: Mark K. Pyles
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