Calculate the present value of the cash flow shown below. Interest rates are 10.00% per year, compounded annually. Year $9,000 $3,350 $0 $0 $8,950 $0 $14,550 $20,150 $25,750 111 -$23,680 $0 $0 $31,350 -$12,500 $36,950 $42,550 $48,150 $53,750 So $0 $0 10 $0
Calculate the present value of the cash flow shown below. Interest rates are 10.00% per year, compounded annually. Year $9,000 $3,350 $0 $0 $8,950 $0 $14,550 $20,150 $25,750 111 -$23,680 $0 $0 $31,350 -$12,500 $36,950 $42,550 $48,150 $53,750 So $0 $0 10 $0
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Question 2
Calculate the present value of the cash flow shown below.
Interest rates are 10.00% per year, compounded annually.
Year
$9,000
0
8
$0
$3,350
$0
$8,950
$14,550 $20,150 $25,750
111
$0
$0
$31,350
6
$23,680 $0 -$12,500
$36,950 $42,550
7
$0
8
$0
$48,150 $53,750
9
$0
10
$0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F050a5821-0a99-4d90-af98-f4fbd470b480%2Ffe8d480c-630b-489e-8a7b-d7cc109d6fd5%2Fopfx9xd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 2
Calculate the present value of the cash flow shown below.
Interest rates are 10.00% per year, compounded annually.
Year
$9,000
0
8
$0
$3,350
$0
$8,950
$14,550 $20,150 $25,750
111
$0
$0
$31,350
6
$23,680 $0 -$12,500
$36,950 $42,550
7
$0
8
$0
$48,150 $53,750
9
$0
10
$0
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