Question
K a. What is the present value of the following set of cash flows, discounted at 9.7% per year? 3 Year CF 1 $9
K a. What is the present value of the following set of cash flows, discounted at 9.7% per year? 3 Year CF 1 $9 2 $21 4 5 $33 $45 $57 b. What is the present value of the following set of cash flows, discounted at 9.7% per year? Year CF 1 $57 2 3 4 $45 $33 $21 $9 59 c. Each set contains the same cash flows ($9, $21, $33, $45, $57), so why is the present value different?
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
