Suppose you are going to receive $22,000 per year for 7 years at the beginning of each
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Question:
Suppose you are going to receive $22,000 per year for 7 years at the beginning of each year; thus you receive the first payment today. Compute the present value of the cash flows if the appropriate interest rate is 11 percent. Round it two decimal places, and do not include the $ sign, e.g., 123456.78.
Related Book For
Corporate Finance Core Principles and Applications
ISBN: 978-0077905200
3rd edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
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