You receive $20,000 now for an investment that will return cash flows of $2,000 per year for
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You receive $20,000 now for an investment that will return cash flows of $2,000 per year for 3 years and then $3,000 per year for another 2 years. What is the present value if the discount rate is 10%? (Enter the answer in dollar format without $ sign.
Related Book For
Fundamentals of Financial Management
ISBN: 978-1337395250
15th edition
Authors: Eugene F. Brigham, Joel F. Houston
Posted Date: