Question: If $ 1 0 comma 0 0 0 $ 1 0 , 0 0 0 is invested in a certain business at the start of

If
$ 10 comma 000$10,000
is invested in a certain business at the start of the year, the investor will receive
$ 3 comma 000$3,000
at the end of each of the next four years. What is the present value of this business opportunity if the interest rate is
77%
per year?
Question content area bottom
Part 1
A.$ 258.61
$ 258.61$258.61
B.$ 193.96
$ 193.96$193.96
C.$ 80.82
$ 80.82$80.82
D.$ 161.63
$ 161.63$161.63

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!