Question
An investment is expected to produce annual cash flows $8,000 every year for 5 years. Assuming a discount rate of 8%, the present value of
An investment is expected to produce annual cash flows $8,000 every year for 5 years. Assuming a discount rate of 8%, the present value of this series of cash flows is _____. (Round your answer to two decimal places.)
| Period | 1 | 2 | 3 | 4 | 5 |
| 8% | 0.92593 | 0.85734 | 0.79383 | 0.73503 | 0.68058 |
a.$31,941.68
b.$39,852.23
c.$32,857.53
d.$29,866.67
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Auditing Basics
Authors: 3G E-Learning
1st Edition
1984624261, 978-1984624260
