Question
An asset is projected to generate 5 annual cash flows of $7,000 starting 8 years from today and a final one-time cash flow of $8,000
An asset is projected to generate 5 annual cash flows of $7,000 starting 8 years from today and a final one-time cash flow of $8,000 in 28 years from today. If the appropriate discount rate is 6.7%, how much is this asset worth today? Round to the nearest dollar.
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Personal Finance Version 3.1
Authors: Rachel S. Siegel
3rd Edition
1453334807, 978-1453334805
