In 16 years, you expect to receive $26,453. What is the present value of this cash...

 

 

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In 16 years, you expect to receive $26,453. What is the present value of this cash flow if the appropriate discount rate is 6.29 percent? You just received a graduation gift of $16,000 from your rich aunt. As alumni of UC's Lindner College of Business, you've learned the importance of compound interest. Therefore, you decide to invest this gift for 30 years. If you expect to earn 7.26 percent, what is the expected future value of your investment? In 16 years, you expect to receive $26,453. What is the present value of this cash flow if the appropriate discount rate is 6.29 percent? You just received a graduation gift of $16,000 from your rich aunt. As alumni of UC's Lindner College of Business, you've learned the importance of compound interest. Therefore, you decide to invest this gift for 30 years. If you expect to earn 7.26 percent, what is the expected future value of your investment?

Answer rating: 100% (QA)

The present value of the 26453 cash flow in 16 years discounted at 629 is 996773 Knowi... View the full answer