Question
Suppose a company now can spend $15,000 on some investment that will produce $17,000 distributed over the next five years, as follows: Year 1 $3,000
Suppose a company now can spend $15,000 on some investment that will produce $17,000 distributed over the next five years, as follows:
- Year 1 $3,000
- Year 2 $5,000
- Year 3 $4,000
- Year 4 $3,000
- Year 5 $2,000
Calculate the present and future value of the following year.
The PV=2,000
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Personal Finance Building Your Future
Authors: Robert Walker, Kristy Walker
2nd Edition
0077861728, 9780077861728
