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$8,000 is invested in a certain business at the start of the year, the investor will receive $2,400 at the end of each of the
$8,000 is invested in a certain business at the start of the year, the investor will receive $2,400 at the end of each of the next four years. What is the present value of this business opportunity if the terest rate is 4% per year? A. $1,138.8 B. $355.88 C. $711.75 D. $854.1 Step by Step Solution
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Fundamentals Of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
3rd Edition
0321541642, 9780321541642
