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An asset is expected to generate annual cash flows of $1,000 for 10 years. Calculate its present value at an interest rate of 8%.
An asset is expected to generate annual cash flows of $1,000 for 10 years. Calculate its present value at an interest rate of 8%.
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The present value of the asset is 724689 Heres how I calculated it Formula We can use the ...
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus
8th edition
77861620, 978-0077861629
