Question
The following cash inflows are predicted over the next five years: $6,000, $9,000, $12,000, $15,000 and $18,000 at the end of years one, two, three,
The following cash inflows are predicted over the next five years: $6,000, $9,000, $12,000, $15,000 and $18,000 at the end of years one, two, three, four, and five, respectively.
Required
Compute the total present value of the five cash flows at the beginning of year one, assuming annual compounding at a 4% interest rate.
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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
2nd Canadian Edition
0176707123, 978-0176707125
