Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An investment pays $2,000 every third year for 45 years (a total of 15 payments). Your opportunity cost is 8% compounded semi-annually. The present value

image text in transcribed

An investment pays $2,000 every third year for 45 years (a total of 15 payments). Your opportunity cost is 8% compounded semi-annually. The present value of this investment is: O a. $19,639.28 O b. $13,323.26 O c. $9,666.46 O d. $7,317.16 Oe. $4,762.53

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Commodity Trading Mistakes

Authors: Andrew Abraham

1st Edition

1492389366, 978-1492389361

More Books

Students also viewed these Finance questions

Question

Why is red paint red?

Answered: 1 week ago