An investment offers the following year-end cash flows: End of Year Cash Flow 1 ..... $20,000 2
Question:
End of Year Cash Flow
1 ..... $20,000
2 ..... $30,000
3 ..... $15,000
Using a 15 percent interest rate, convert this series of irregular cash flows to an equivalent (in present value terms) 3-year annuity.
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Related Book For
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
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