Question
You are scheduled to receive annual payments of $3,000 for each of the next 12 years (you are going to receive the payments at the
You are scheduled to receive annual payments of $3,000 for each of the next 12 years (you are going to receive the payments at the end of each year). The discount rate is 10 percent. What is the present value of these cash flows? Round the answer to two decimal places.
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. Mcguigan, William J. Kretlow
9th Edition
032416470X, 9780324164701
