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48 You are considering an investment which will pay amounts as shown at the end of this year, and at the end of every year
48
You are considering an investment which will pay amounts as shown at the end of this year, and at the end of every year until five year from now. The following table shows your expected cash inflows and timing. The percent return you demand from your investments is at the top of the table, labeled "Required Return."
10% | Required Return | |||||
Years to wait | 0 | 1 | 2 | 3 | 4 | 5 |
Cash flow | 100 | 100 | 100 | 100 | 100 |
What is this investment worth in today's money (i.e., what is the sum of the present values)?
Enter your answer as a number with four decimal places but without the currency symbol, like this: 90.1234
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