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 10%. What is the Net Present Value of the investment?
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Financial Management Core Concepts
Authors: Raymond Brooks
3rd Edition
0133866742, 9780133866742
