Your client is going to buy an investment that will pay $2,971 two years from now, $3,913 four years from now, and $1,740 five years from now. If the appropriate after-tax rate of return is 7.72 percent per year, what is the present value of this investment?

Answer rating: 100% (QA)

To calculate the present value of this investment we need to discount each future ... View the full answer