An alternative investment product is expected to generate cash flows of $93,000 every three years starting three
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An alternative investment product is expected to generate cash flows of $93,000 every three years starting three years from now. Your money currently is invested in a savings account earning 8.6% EAR. If the investment product is the same risk as your savings account, what is the value today of the alternative investment product?
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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