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Suppose you face the prospect of receiving $1,129 per year for the next 5 years plus an extra $972 payment at the end of 5
Suppose you face the prospect of receiving $1,129 per year for the next 5 years plus an extra $972 payment at the end of 5 years.
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Determine how much this prospect is worth today if the required rate of return is 13 percent. (Round present value factor calculations to 4 decimal places, e.g. 1.2151 and final answer to 2 decimal places, e.g. 125.25. Enter negative amounts using either a negative sign preceding the number e.g. -45.12 or parentheses e.g. (45.12).)
Present value $
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