Question
You were just hired as an analyst with JB Enterprise. Your new boss is looking at an investment with the following timeline and cash flow.
You were just hired as an analyst with JB Enterprise. Your new boss is looking at an investment with the following timeline and cash flow. Including the initial outlay (which is at time 0), what is the present value of this investment assuming a 10% interest rate? Show your work.
Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Cash flows: -1000 50 250 400 600 800
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Personal Finance
Authors: Megan Noel, Dan French
2nd Edition
1465246479, 9781465246479
