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You invest in a business that you expect will earn profit (in thousands of dollars) of $12 by the end the year, $17 next year,
You invest in a business that you expect will earn profit (in thousands of dollars) of $12 by the end the year, $17 next year, $25 the third year, and $30 the 4th year. Other investments of equal risk earn 6%. How much is this business worth today?
None of the above | ||
$84.00 | ||
$71.20 | ||
$89.89 | ||
$67.17 |
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