Mail order business will generate cash flows of $10,000 at the end of each of the next
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Mail order business will generate cash flows of $10,000 at the end of each of the next 3 years, $20,000 at the end of year 4, $30,000 at the end of year 5 and $50,000 at the end of year 6. Given that other investments of equal risk earn 6% per annum, calculate the present value and future value of this investment. (Show all calculations supporting your answers).
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324597707
12th edition
Authors: Eugene F. Brigham, Joel F. Houston
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