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Just need answer no steps needed thanks a lot. Below is a table for the present value of $1 at Compound interest. Below is a
Just need answer no steps needed thanks a lot.Below is a table for the present value of $1 at Compound interest.
Below is a table for the present Year 6% 1 0.943 2 0.890 3 0.840 4 0.792 5 0.747 value of $1 at Compound interest. 10% 12% 0.909 0.893 0.826 0.797 0.751 0.712 0.683 0.636 0.621 0.567 Below is a table for the present Year 6% 1 0.943 2 1.833 3 2.673 4 3.465 5 4.212 value of an annuity of $1 at compound interest. 10% 12% 0.909 0.893 1.736 1.690 2.487 2.402 3.170 3.037 3.791 3.605 Using the tables above, if an investment is made now for $21,002.00 that will generate a cash inflow of $2,520.24 a year for the next 4 years, what would be the net present value (rounded to the nearest dollar) of the investment, (assuming an earnings rate of 12%)? Select the correct answer. - $7,654 - $2,520 - $21,002 - $13,348Step by Step Solution
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