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P6-47 Present Value and Multiple Cash Flows [LO1] What is the present value of $1,400 per year, at a discount rate of 9 percent, if
P6-47 Present Value and Multiple Cash Flows [LO1]
| What is the present value of $1,400 per year, at a discount rate of 9 percent, if the first payment is received 6 years from now and the last payment is received 27 years from now? |
rev: 09_17_2012
$8,419.87
$13,319.40
$8,591.70
$8,455.05
$2,978.88
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International Finance
Authors: Keith Pilbeam
5th Edition
1350347094, 978-1350347090
