If $12,000 is invested in a certain business at the start of the year, the investor will

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If $12,000 is invested in a certain business at the start of the year, the investor will receive $3,600 at the end of the next four years. What is the present value of this business opportunity if the interest rate is 7% per year?

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Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118983270

7th edition

Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith

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Posted Date: Dec 10, 2020 10:34 PM

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If $12,000 is invested in a certain business at the start of the year, the investor will

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Government and Not for Profit Accounting Concepts and Practices

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