An investment offers the following: a series of $1000 annual payments, starting one year from now, for a total of 12 payments. If your opportunity cost (as an EAR) is 5%, what is the investment worth to you today? Group of answer choices $11,079.20 $9,214.56 $10,103.26 $8,863.25 $10,241.19 Give typing answer with explanation and conclusion
An investment offers the following: a series of $1000 annual payments, starting one year from now, for a total of 12 payments. If your opportunity cost (as an EAR) is 5%, what is the investment worth to you today? Group of answer choices $11,079.20 $9,214.56 $10,103.26 $8,863.25 $10,241.19 Give typing answer with explanation and conclusion
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 13P
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An investment offers the following: a series of $1000 annual payments, starting one year from now, for a total of 12 payments. If your
Group of answer choices
$11,079.20
$9,214.56
$10,103.26
$8,863.25
$10,241.19
Give typing answer with explanation and conclusion
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