Question
Interest rate is 5%. I spend $100 on a project today (Year 0) and expect to receive $50 each year for the next three
Interest rate is 5%. I spend $100 on a project today (Year 0) and expect to receive $50 each year for the next three years (Year 1 to Year 3). What is the net present value (NPV) of this investment? Insert a number (without dollar sign or comma) in the box. Round your answer to two decimals. 6 Numeric Response
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Financial Accounting Information for Decisions
Authors: John J. Wild
8th edition
125953300X, 978-1259533006
