6,986 today and it will generate $9,412 in a year. You would have extra idle fund of $2,935 after the investment. The ave

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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You invest $6,986 today and it will generate $9,412 in a year. You would have extra idle fund of $2,935 after the investment. The average market rate of return is 12.44%. What is the net present value of the investment?

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