Question
You have just purchased an investment that generates the cash flows shown below for the next four years. You are able reinvest these cash flows
You have just purchased an investment that generates the cash flows shown below for the next four years. You are able reinvest these cash flows at 6.76 percent, compounded annually. How much is this investment worth at the end of year four?
End of year
- $158
- $979
- $591
- $117
Round the answer to two decimal places.
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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
