Question
An investment will pay $5,880 twelve years from now. If the going interest rate on this type of investment is 7.95%, how much is the
An investment will pay $5,880 twelve years from now. If the going interest rate on this type of investment is 7.95%, how much is the investment worth today?
| a. | $2428 | |
| b. | $2374 | |
| c. | $2510 | |
| d. | $2567 | |
| e. | $2348 |
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Fundamentals Of Corporate Finance
Authors: David W Blackwell, Robert Parrino, David S Kidwell
1st Edition
0471270563, 9780471270560
