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Professor Santiago will receive $ 12,000 for one year for the next 10 years as a royalty for her work on a finance book. What
Professor Santiago will receive $ 12,000 for one year for the next 10 years as a royalty for her work on a finance book. What is the present value of her royalty income from her if the opportunity cost is 12 percent? suppose payments are presented at the end of each year
a. $75,939
b. $210,585
c.$235,855
d. $67,803
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Political Economy Of Money And Finance 1999
Authors: Makoto Itoh, Costas Lapavitsas, Makoto Itō
1st Edition
033366521X, 9780333665213
