You plan to deposit $2,000 for the next five years with the first payment expected at the
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You plan to deposit $2,000 for the next five years with the first payment expected at the end of the year. What is the present value of the payments today if the interest rate is expected to be 12% for the foreseeable future?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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