Question
Herm Mueller has invested in a fund that will provide him a cash flow of $11,700 at the end of each of the next 20
Herm Mueller has invested in a fund that will provide him a cash flow of $11,700 at the end of each of the next 20 years. If the interest rate is 8.5 percent, what is the present value of these cash flows?
A. $110,721 B. $132,455 C. $167,884 D. $234,000
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.
2nd Edition
0070074860, 9780070074866
