Question
An investment offers the following cash flows: $678 one year from now, $878 two years from now, $364 in 3 years, $837 in 4 years,
An investment offers the following cash flows: $678 one year from now, $878 two years from now, $364 in 3 years, $837 in 4 years, and $225 in 5 years. If the relevant interest rate is 6% per year (an APR, with interest compounded annually), how much is the investment worth in today's terms?
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Foundations In Personal Finance
Authors: Dave Ramsey
College Edition
1936948001, 978-1936948000
