A set of cash flows begins at $60,000 and increases at 10% per annum for the next 12 years. If the interest rate is 10%, what is the present value of the set (to the nearest dollar)? Choose one Answer : O A. $650,545 O B. $604,545 O C. $654,545.C O D. $654,045
A set of cash flows begins at $60,000 and increases at 10% per annum for the next 12 years. If the interest rate is 10%, what is the present value of the set (to the nearest dollar)? Choose one Answer : O A. $650,545 O B. $604,545 O C. $654,545.C O D. $654,045
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
Section: Chapter Questions
Problem 1PS
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A set of cash flows begins at $60,000 and increases at 10% per annum for the next 12 years. If the interest rate is 10%, what is the present value of the set (to the nearest dollar)?
Choose one Answer :
O A. $650,545
O B. $604,545
O C. $654,545.C
O D. $654,045
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