Assume that starting next year, you will receive payments of $ 413 every year for 4 years.
Fantastic news! We've Found the answer you've been seeking!
Question:
Assume that starting next year, you will receive payments of $ 413 every year for 4 years. The discount rate it 6 %. What is the present value of these payments?
Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
Posted Date: