Question
You desire the following withdrawals at the points indicated in the timeline. If you can earn an annual rate of 8% how much must you
You desire the following withdrawals at the points indicated in the timeline. If you can earn an annual rate of 8% how much must you invest today?
| Year | 0 | 1 | 5 | 10 |
| Cash Flow | $2,000 | $4,000 | $6,000 | $8,000
|
A. 13,492.75
B. 20,000
C. 18,000
D. 28476,80
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Finance Introduction To Institutions Investments And Management
Authors: Ronald W. Melicher, Edgar A. Norton
11th Edition
0470004460, 978-0470004463
