Question
1. WHAT SINGLE INVESTMENT MADE TODAY, EARNING 14% ANNUAL INTEREST WILL BE WORTH $9,000 AT THE END OF 7 YEARS? 2. WHAT IS THE PRESENT
1. WHAT SINGLE INVESTMENT MADE TODAY, EARNING 14% ANNUAL INTEREST WILL BE WORTH $9,000 AT THE END OF 7 YEARS?
2. WHAT IS THE PRESENT VALUE OF $7,000 TO BE RECEIVED AT THE END OF 5 YEARS IF THE DISCOUNT RATE IS 11%?
3. WHAT IS THE MOST YOU WOULD PAY TODAY FOR A PROMISE TO REPAY YOU $3,000 AT THE END OF 5 YEARS IF YOUR OPPORTUNITY COST IS 9%?
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Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
