Question
In the following case, the mixed end-of-period cash flow stream has an annuity embedded within it. Calculate the present value of the cash flow stream,
In the following case, the mixed end-of-period cash flow stream has an annuity embedded within it. Calculate the present value of the cash flow stream, assuming a 9 % discount rate.
| Year | Cash Flow |
|
| 1 | $4,000 | |
| 2 | $2,000 | |
| 3 | $9,000 | |
| 4 | $9,000 | |
| 5 | $9,000 | |
| 6 | $9,000 | |
| 7 | $7,000 | |
| Present Value ($)equals= |
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Hotel Finance
Authors: Anand Iyengar
1st Edition
0195694465, 978-0195694468
