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 88% per year?
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International Financial Reporting And Analysis
Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn
8th Edition
978-1473766853, 1473766850
