You are thinking of buying a miniature golf course (for investment purposes). It is expected to generate a cash flow of $40,000 per year for the first 4 years (years 1-4) and $50,000 for the next 4 years (years 5-8). If the appropriate discount rate is 10%, what is the present value of these cash flows?

Answer rating: 100% (QA)

Year 14 n1 40000 Year 58 n2 50000 Discount Rate i 10 Annuity ... View the full answer