Question
An investment offers the following cash flows: $520 today, $844 one year from now, $132 in 2 years, and $423 in 3 years. If the
An investment offers the following cash flows: $520 today, $844 one year from now, $132 in 2 years, and $423 in 3 years. If the relevant interest rate is 6% per year (an APR, with interest compounded annually), what is the value of the investment 3 years from today (immediately after the cash flow at "year 3" occurs)?
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Investment Management
Authors: Stephen Lofthouse
2nd Edition
047149237X, 9780471492375
