Question
You have just received a profit from an investment you made in a friends business. She will be paying you $12,000 in one year, $20,000
You have just received a profit from an investment you made in a friends business. She will be paying you $12,000 in one year, $20,000 in two years, and $41,000 three years from today. The interest rate is 6% per year. The present value of your profit is:
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Professionals Handbook Of Financial Risk Management
Authors: Lev Borodovsky, Marc Lore
1st Edition
0750641118, 978-0750641111
