Question
10) An investment pays you $20,000 at the end of this year, and $10 ,000 at the end of each of the four following years.
10) An investment pays you $20,000 at the end of this year, and $10 ,000 at the end of each of the four following years. What is the present value (PV) of this investment, given that the interest rate is 5% per year? A) $63,383 B) $26,410 C) $42,255 D) $52,819
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Contemporary Financial Management
Authors: Don Cyr, Alfred Kahl, William Rentz, R. Moyer
1st Edition
017616992X, 978-0176169923
