Question
An investment that costs $68,000 will provide a return of $18,500 per year for each of the next five years. What is the net present
An investment that costs $68,000 will provide a return of $18,500 per year for each of the next five years. What is the net present value of the investment if the required rate of return in 8 percent?
| $73,865 |
| $6,000 |
| $5,865 |
| $17,636 |
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Accounting A Smart Approach
Authors: Mary Carey, Cathy Knowles
4th Edition
0198844808, 9780198844808
