Question
PRESENT VALUE OF A CASH FLOW STREAM An investment will pay $100 at the end of each of the next 3 years, $200 at the
PRESENT VALUE OF A CASH FLOW STREAM An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $500 at the end of Year 6. If other investments of equal risk earn 8.5% annually, what is its present value? Round to TWO decimal places.
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Essential Mathematics For Economic Analysis
Authors: Knut Sydsaeter, Peter Hammond
3rd Edition
0273713248, 9780273713241
