An investment pays $$2000$ every three years with the first payment starting five years from now$\mathrm{ (}$i$.$e$.,$ second payment is on t$=8).$ If $“$effective two year$”$ rate on this project is $10\%,$ estimate the present value of the investment.

   

 

Answer rating: 100% (QA)

To estimate the present value of the investment we need to discount the future cash flows to their p... View the full answer