Zaki was offered an investment that will make three RM5,000 payments. The first payment will occur four years from today. The second will occur in five years and the third will follow in six years. If the return from the investment is 11%, what is the most this investment worth today? What is the future value of the cash flows?

Answer rating: 100% (QA)

The present value of the investment can be calculated as follows Payment 1 5000 1 011... View the full answer