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If the interest rate is 4%, Prentice is willing to repay up to $5,000 each year for the next four years to receive positive cash
If the interest rate is 4%, Prentice is willing to repay up to $5,000 each year for the next four years to receive positive cash flow $Z today. If the interest rate increases, what is the maximum amount Prentice would be willing to repay each of the next four years to receive the same cash flow Z today? more than $5,000 per year $5,000 per year less than $5,000 per year
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