Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company has to make payments over several years. The payments and their dates are shown below. Date Payments 12/31/2013 $210,000 2/8/2014 $1,000,000 3/8/2015 $2,589,703

A company has to make payments over several years. The payments and their dates are shown below. Date Payments 12/31/2013 $210,000 2/8/2014 $1,000,000 3/8/2015 $2,589,703 8/12/2015 $150,000 5/1/2015 $600,000 11/4/2016 $1,708,900 What is the Net Present Value of these payments if the discount rate is 8%? A. $5,612,782 B. $6,618,500 C. $9,514,200 D. $7,604,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions