Daniel expects to receive $100,000 from an investment four (4) years from today. However, he really needs the money today, and he has decided to take out a loan. If the interest rate on the loan is 6.5%, how much can Daniel borrow today against the future cash flow that will be generated from the investment?

Answer rating: 100% (QA)

To calculate the amount Daniel can borrow today against the future c... View the full answer