9. Calculate the present value of an investment that promises to pay you $1000 after year 1, $3000 after year 2, and $2000 after year 3 discounted at 6 percent.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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9. Calculate the present value of an investment that promises to pay you $1000 after year 1, $3000
after year 2, and $2000 after year 3 discounted at 6 percent.
Transcribed Image Text:9. Calculate the present value of an investment that promises to pay you $1000 after year 1, $3000 after year 2, and $2000 after year 3 discounted at 6 percent.
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