Question
An investment opportunity requires a payment of $860 for 12 years, starting a year from today. If your required rate of return is 5.5 percent,
An investment opportunity requires a payment of $860 for 12 years, starting a year from today. If your required rate of return is 5.5 percent, what is the value of the investment to you today? (Round factor values to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25.)
| Present value of investment |
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Finance For Non Financial Managers
Authors: Pierre G. Bergeron
5th Edition
0176104070, 9780176104078
