Question
You expect to be paid $5,000 per month for the next 6 years with the first cash flow starting in 1 month. Assuming an annualized
You expect to be paid $5,000 per month for the next 6 years with the first cash flow starting in 1 month. Assuming an annualized APR (AEY) of 9%, what is the present value of these cash flows to the nearest dollar?
A) 237,598
B) 240,867
C) 242,856
D) 269,155
E) None of the above
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
