An investment opportunity requires an investment today of $50,000 and promises to pay you $5,000 each year
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An investment opportunity requires an investment today of $50,000 and promises to pay you $5,000 each year for the next 25 years (first payment one year from today). Using an interest rate of 8% per year, what is the NPV of this investment, that is, what is the total present value of all cash flows as of today?
Related Book For
Algebra And Trigonometry Graphs And Models
ISBN: 9780134179049
6th Edition
Authors: Marvin Bittinger, Judith Beecher, David Ellenbogen, Judith Penna
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