Question
Given the following time line and a discount rate of 4% a year compounded annually, the present value (PV), as of the end of Year
Given the following time line and a discount rate of 4% a year compounded annually, the present value (PV), as of the end of Year 5 (PV5 ), of the cash flow ( a $50,000 lump sum ) received at the end of Year 20 is closest to:
A. $22,819
B.$27,763
C.28,873
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Financial Management Core Concepts
Authors: Ray Brooks, Raymond Brooks
1st Edition
0321155173, 9780321155177
