Question
An investment pays you $20, 000 at the end of this year, and $10,000 at the end of each of the four following years. What
An investment pays you $20, 000 at the end of this year, and $10,000 at the end of each of the four following years. What is the present value (PV) of this investment, given that the interest rate is 5% per year?
A. $ 63,383
B. $ 26,410
C. $ 42,255
D. $ 52, 819
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Accounting Comes Alive The Color Accounting Parable
Authors: Mark Robilliard ,Peter Frampton, Chang Chang, Mark Morrow, John Gorman
1st Edition
1450769608, 978-1450769600
