Question
Your grandmother promised to give you $100 today and $100 a year from now, 2 years from now, 3 years from now, 4 years from
Your grandmother promised to give you $100 today and $100 a year from now, 2 years from now, 3 years from now, 4 years from now, and 5 years from now. Given that the current interest rate is 3% compounded annually, what is the present value of this stream of cash flows?
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Real Estate Finance
Authors: Sherry Shindler Price
1st Edition
0934772185, 9780934772181
