Question
What is the present value of $800 to be received at the end of year one, $3000 to be received at the end of year
What is the present value of $800 to be received at the end of year one, $3000 to be received at the end of year two and $1500 to be received at the end of year three assuming a discount rate of 3% ?
The growth rate Is clearly different for the three years so what is put under g?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
15th edition
134796551, 134796550, 978-0134796550
