Assume that you will receive $2,000 a year in Years 1 through 5, $3,000 a year in
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Assume that you will receive $2,000 a year in Years 1 through 5, $3,000 a year in Years 6 through 8, and $4,000 in Year 9, with all cash flows to be received at the end of the year. If you require a 14 percent rate of return, what is the present value of these cash flows?
a). $ 9,851
b). $13,250
c). $11,714
d). $15,129
e). $17,353
Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
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