Question
A business promises to pay the investor of $4,000 today for a payment of $1,000 in one year's time, $2,000 in two years' time and
A business promises to pay the investor of $4,000 today for a payment of $1,000 in one year's time, $2,000 in two years' time and $2,000 in three years' time. What is the present value of this business opportunity if the interest rate is 9% per year?
Show Calculation (show how to solve with equations or financial calculator)
A. $73
B. $232
C. $174
D. $145
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QlikView For Finance
Authors: B. Diane Blackwood
1st Edition
1784395749, 978-1784395742
