Question
You are given the following cash flow information. The appropriate discount rate is 4 percent for years 1-6 and 6 percent for years 7-12. Payments
You are given the following cash flow information. The appropriate discount rate is 4 percent for years 1-6 and 6 percent for years 7-12. Payments are received at the end of each year.
| Year | Amount |
| 1-6 | $25,000 |
| 7-12 | $35,000 |
What is the present value of the income stream above?
***Please show your work***
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Finance Budget And Management For Reference Services Routledge Library Editions Library And Information Science
Authors: Ruth A. Fraley, Bill Katz
1st Edition
0367374293, 978-0367374297
