You are evaluating an investment with a purchase price (outflow) of $100 today. However, you expect a
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You are evaluating an investment with a purchase price (outflow) of $100 today. However, you expect a $120 inflow at the end of each of the next 2 years. Assuming 5% nominal rate, compounded annually, the net present value of these cash flows (as of year O) is closest to?
Related Book For
Managerial Accounting A Focus on Ethical Decision Making
ISBN: 978-0324663853
5th edition
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
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