Question
You are scheduled to receive a $550 cash flow in one year, a $1,050 cash flow in two years, and pay an $850 payment in
You are scheduled to receive a $550 cash flow in one year, a $1,050 cash flow in two years, and pay an $850 payment in three years. Interest rates are 8 percent per year. What is the combined present value of these cash flows? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Finance Introduction To Institutions Investments And Management
Authors: Ronald W. Melicher, Edgar A. Norton
12th Edition
0471675792, 9780471675792
