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 2% per year?
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International Finance A Survey
Authors: H. Kent Baker, Leigh A. Riddick
1st Edition
0199754659, 978-0199754656
