Question
If $10,000 is invested in a certain business at the start of the year, the investor will receive $3,000 at the end of each of
If $10,000 is invested in a certain business at the start of the year, the investor will receive $3,000 at the end of each of the next four years. What is the net present value of this business opportunity if the interest rate is 6% per year?
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Contemporary Financial Management Fundamentals
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
1st Edition
0324015771, 9780324015775
