Question
You are valuing an investment that will pay you $22,000 per year for the first 9 years, $26,000 per year for the next 12 years,
You are valuing an investment that will pay you $22,000 per year for the first 9 years, $26,000 per year for the next 12 years, and $39,000 per year the following 15 years (all payments are at the end of each year). If the appropriate annual discount rate is 8.00%, what is the value of the investment to you today?
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Principles Of Managerial Finance
Authors: Chad J. Zutter, Scott Smart
16th Edition
0136945880, 978-0136945888
