Calculate the net present value of a project with the investment of 1 000 000 EUR which
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Question:
Calculate the net present value of a project with the investment of 1 000 000 EUR which gives at the end of every month 5000.5 EUR of income for ever. Use the interest rate of 6% (monthly capitalisation).
a.
100 EUR
b.
-100 EUR
c.
916658.33 EUR
d.
-916658.33 EUR
Related Book For
Personal Financial Planning
ISBN: 978-1111971632
13th edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
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