Question
An investment that requires $3000 initial investment will return $1000 at the end of first year, $2000 at the end of second year, and $3000
An investment that requires $3000 initial investment will return $1000 at the end of first year, $2000 at the end of second year, and $3000 at the end of third year. Assume the discount rate is continuously compounded at 8%.
What is the Net Present Value of the investment?
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The Little Book Of Common Sense Investing The Only Way To Guarantee Your Fair Share Of Stock Market Returns
Authors: John C. Bogle
1st Edition
1119404509, 978-1119404507
