Question
Assume that you will receive$2,000 a year in Years 1 through5, $3,000 a year in Years 6 through8, and$4,000 in Year9, with all cash flows
Assume that you will receive$2,000 a year in Years 1 through5, $3,000 a year in Years 6 through8, and$4,000 in Year9, with all cash flows to be received at the end of the year. If you require a 14 percent rate ofreturn, what is the present value of these cashflows? (Round to the nearest wholedollar)
Please format answer in Excel.
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Personal Finance
Authors: E. Thomas Garman, Raymond E. Forgue
13th edition
1337099759, 978-1337516440, 1337516449, 978-1337099752
