Today is time 0. You will receive nothing for the next three years. At the end of years 4, 5 and 6, you will get
Today is time 0. You will receive nothing for the next three years. At the end of years 4, 5 and 6, you will get $4000, $5,000 and $6,000 respectively. What is this series of cash flows worth in today's dollars? Assume the opportunity cost is 6% p.a. compounding annually.
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Authors: Stephen L. Nesbitt
2nd Edition
1119944392, 978-1119944393
