John Keene recently invested $2,250 in a project that is promising to return 10 percent per...
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John Keene recently invested $2,250 in a project that is promising to return 10 percent per year. The cash flows are expected to be as follows: End of Year 1 2 3 4 5 Cash Flow $589 $567 $599 ???? $552 Note that the cash flow in year 4 is missing. Determine the Year 4 missing cash flow that will make the present value of this series equal to the amount John invested (that is, $2,250)? John Keene recently invested $2,250 in a project that is promising to return 10 percent per year. The cash flows are expected to be as follows: End of Year 1 2 3 4 5 Cash Flow $589 $567 $599 ???? $552 Note that the cash flow in year 4 is missing. Determine the Year 4 missing cash flow that will make the present value of this series equal to the amount John invested (that is, $2,250)?
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Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730302414
4th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
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