Question
Suppose present cost of a 7-year investment project is $100,000 at 8.5% annual interest rate. The future expected return on this project is guaranteed at
Suppose present cost of a 7-year investment project is $100,000 at 8.5% annual interest rate. The future expected return on this project is guaranteed at $220,000. Using the present value formula determine if this project should be undertaken.
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Microeconomics A Contemporary Introduction
Authors: William A. McEachern
9th edition
978-0538453714, 538453710, 978-1111415921
