Question
What is the present value (PV) of an investment that pays $20,000 every year for 7 years, starting one year from today? Assume that the
What is the present value (PV) of an investment that pays $20,000 every year for 7 years, starting one year from today? Assume that the interest rate is 8% APR, compounded quarterly. What is the present value of this investment, assuming quarterly compounding? (Round your answer to the nearest cent, but do not round intermediate values.)
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
