Question
A business promises to pay the investor of $5,000 today for a payment of $1,250 in one year's time, $2,500 in two years' time and
A business promises to pay the investor of $5,000 today for a payment of $1,250 in one year's time, $2,500 in two years' time and $2,500 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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Financial Management Principles And Applications
Authors: Dr. S. Kr. Paul, Prof. Chandrani Paul
1st Edition
1647251664, 9781647251666
