Question
Salvatore has the opportunity to invest in a scheme which will pay $10,000 at the end of each of the next 5 years. He must
Salvatore has the opportunity to invest in a scheme which will pay $10,000 at the end of each of the next 5 years. He must invest $20,000 at the start of the first year and an additional $20,000 at the end of the first year. What is the present value of this investment if the interest rate is 7%?
A. $18,816.11
B. $2,310.39
C. $2,310.39
D. -$ 18,816.11
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Happy Retirement Fun Things To Do From Home Hobbies To Wild Freedom
Authors: Leon Simonds
1st Edition
979-8863179216
