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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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter
8th Canadian Edition
978-0071338875
