Question
An asset is projected to generate 8 annual cash flows of $7,000 starting 11 years from today and a final one-time cash flow of $10,000
An asset is projected to generate 8 annual cash flows of $7,000 starting 11 years from today and a final one-time cash flow of $10,000 in 29 years from today. If the appropriate discount rate is 7.2%, how much is this asset worth today? Round to the nearest dollar.
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The Essential Credit Repair Handbook
Authors: Deborah McNaughton
1st Edition
160163160X, 978-1601631602
