Assume Tommy will receive $700 one year from now, $850 two years from now, $1,460 three...

 

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Assume Tommy will receive $700 one year from now, $850 two years from now, $1,460 three years from now, $1,850 four years from now, and $2,725 five years from now. Assuming the interest rate of 10.6% and that it will compound annually, what will be the present value of the cash inflows Tommy will receive? Phone Assume Tommy will receive $700 one year from now, $850 two years from now, $1,460 three years from now, $1,850 four years from now, and $2,725 five years from now. Assuming the interest rate of 10.6% and that it will compound annually, what will be the present value of the cash inflows Tommy will receive? Phone

Answer rating: 100% (QA)

PV FV 1 rn where PV is the present value FV is the futu... View the full answer