Question
Purchase an income stream for $10,000. o Year 1 Income=$3,000 o Year 2 Income=$3,000 o Year 3 Income=$3,500 o Year 4 Income=$4,000 o Year 5
Purchase an income stream for $10,000.
o Year 1 Income=$3,000
o Year 2 Income=$3,000
o Year 3 Income=$3,500
o Year 4 Income=$4,000
o Year 5 Income=$5,000
Discount rate is 6%/annum
Calculate NPV
using hp 12c calculator
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Navigating The Investment Minefield A Practical Guide To Avoiding Mistakes Biases And Traps
Authors: H. Kent Baker , Vesa Puttonen
1st Edition
1787690563,1787690539
