Question
I need help with this question. I am not sure which formula to use wit it. John has just purchased an investment that generates the
I need help with this question. I am not sure which formula to use wit it.
John has just purchased an investment that generates the cash flows shown below for the next four years. John is able reinvest these cash flows at 12.01 percent, compounded annually. How much is this reinvestment worth at the end of year four? Please assist.
End of year
- $456
- $994
- $407
- $230
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
2nd Edition
0324289235, 9780324289237
