Question
An investment of $1000 now will generate the following cash inflows: At the end of Year-2: $932 and Year-5: $848. If the market rate is
An investment of $1000 now will generate the following cash inflows:
At the end of Year-2: $932 and Year-5: $848.
If the market rate is 9.74%, what would be the present value of the above cash inflows?
(Do not use the negative sign in the final answer, which should be rounded to 2-decimal places)
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The New Public Finance
Authors: Inge Kaul, Pedro Condeicao
1st Edition
0195179978, 978-0195179972
