An investment offers the following cash flows: $114 one year from now, $680 two years from now,
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An investment offers the following cash flows: $114 one year from now, $680 two years from now, $201 in 3 years, $748 in 4 years, and $349 in 5 years. If the relevant interest rate is 6% per year (an APR, with interest compounded annually), how much is the investment worth in today's terms?
Related Book For
Fundamentals of corporate finance
ISBN: 978-0078034633
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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