Question
Thomas Taylor has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of
Thomas Taylor has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each of the next five years: $10,600, $8,290, $9,720, $12,890, and $11,190. If the appropriate discount rate is 6.030 percent, what is the cost in today's dollars of the equipment Thomas purchased today? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.)
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Fundamentals of corporate finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
2nd Edition
978-0470933268, 470933267, 470876441, 978-0470876442
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