Question
Assuming a 14% required rate of return, the present value of a $10,000 annual cash flow to be received for the next 20 years is:
Assuming a 14% required rate of return, the present value of a $10,000 annual cash flow to be received for the next 20 years is:
(a) $1,401 (b) $46,106 (c) $66,231 (d) $200,000
Please show the steps. Thanks
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Horngrens Accounting Volume 1
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood
11th Canadian Edition
0135359708, 9780135359709
