Question
Bill Hargrove has undertaken a consulting contract which will pay him $2,800 at the end of the first year, $3,100 at the end of the
Bill Hargrove has undertaken a consulting contract which will pay him $2,800 at the end of the first year, $3,100 at the end of the second year, and $6,000 at the end of the third year. Find the present value of this cash flow if the interest rate is 6% compounded annually.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
