Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what is the present value of an investment that pays $148 at the end of the year one, 185 at the end of year two,

what is the present value of an investment that pays $148 at the end of the year one, 185 at the end of year two, and $268 at the end of year three if this investment earns 12% annually? image text in transcribed
What is the present value of an investment that pays $148 at the end of year 1 . $185 at the year of year 2 , and $268 at the end of year 3 if this investment earns 12% annually? your answer should be to the nearest dollar. For example, if your answer is id=mce_marker 50 , then input as 150

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Real Life Money An Honest Guide To Taking Control Of Your Finances

Authors: Clare Seal

1st Edition

1472272293, 978-1472272294

More Books

Students also viewed these Finance questions