Question
ering You are offered an investment that will pay you $792, $540, $780, $1,183, $1,749, $895, $1,189, and $1,416 over the next eight years
ering You are offered an investment that will pay you $792, $540, $780, $1,183, $1,749, $895, $1,189, and $1,416 over the next eight years (one cash payment per year). You require an 9.1% return on your investment. What is the most you would invest today? (In other words, what is the present value of this cash stream?) Round to the nearest cent.
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Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
