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Sunny Creation has just signed a $2.45 million contract. The contract calls for a cash flow of $700,000 today, $850,000 one year from today and
Sunny Creation has just signed a $2.45 million contract. The contract calls for a cash flow of $700,000 today, $850,000 one year from today and $900,000 two years from today. What is this contract worth today if the company can earn 8.25% annually on its money?
chose 1 option...
(A) - $2,134,886.34
(B) - $2,307,065.73
(C) - None of the answer provided is correct.
(D)- $2,253,264.46
(E)- $2,450,000.00
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