You have just received a profit from an investment you made in a friend's business. She...
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You have just received a profit from an investment you made in a friend's business. She will be paying you $11,000 in one year, $21,000 in two years, and $35,000 three years from today. The interest rate is 8% per year. The present value of your profit is: You have just received a profit from an investment you made in a friend's business. She will be paying you $11,000 in one year, $21,000 in two years, and $35,000 three years from today. The interest rate is 8% per year. The present value of your profit is:
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To calculate the present value of the future cash flows we nee... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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