Question
You are considering the following investment opportunity: Starting 5 years from today, you will receive $1500 each year for 10years. If the market interest rate
You are considering the following investment opportunity:
Starting
5
years from today, you will receive
$1500
each year for
10years.
If the market interest rate is
4%
, calculate the present value of this investment.
The present value of this investment is
$nothing(round
the answer to two decimal places)
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Foundations Of Financial Management
Authors: Stanley B Block, Geoffrey A Hirt
12th Edition
0073295817, 9780073295817
