Your small firm invests $120,939 today and expects to receive 8 annual payments of $21,450 (the first payment will be paid one year from today). If the appropriate interest rate to use of 10% per year, what is the net present value (NPV)? Express your answer accurate and rounded to the nearest penny

Answer rating: 100% (QA)

To calculate the net present value NPV of this investment we need to discount all the future cash ... View the full answer