Homework Help is Here – Start Your Trial Now!
Business
Finance
Determine the equivalent present value or present worth of the following cash flow at an interest rate of 5%. Pick the choice closest to your answer. Year 1 2 3 4 5 7 8 9 Income 200 250 300 350 400 450 500 550 600 Year 12 13 800 10 11 15 16 17 18 19 Income 650 700 750 850 900 950 1000 1050 Year Income 20 1100 21 22 23 24 25 26 27 28 1150 1200 1250 1300 1350 1400 1450 1500 Year Income 30 31 1650 29 32 33 34 1550 1600 1700 1750 1800

Determine the equivalent present value or present worth of the following cash flow at an interest rate of 5%. Pick the choice closest to your answer. Year 1 2 3 4 5 7 8 9 Income 200 250 300 350 400 450 500 550 600 Year 12 13 800 10 11 15 16 17 18 19 Income 650 700 750 850 900 950 1000 1050 Year Income 20 1100 21 22 23 24 25 26 27 28 1150 1200 1250 1300 1350 1400 1450 1500 Year Income 30 31 1650 29 32 33 34 1550 1600 1700 1750 1800

Essentials Of Investments
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
See similar textbooks
icon
Related questions
Question

Thank you in advance!!

Determine the equivalent present value or present worth of the following cash flow at an interest rate of 5%. Pick the choice closest to your answer. Year 1 2 3 4 6. 7 8 9. Income 200 250 300 350 400 450 500 550 600 Year 10 11 12 13 15 16 17 18 19 Income 650 700 750 800 850 900 950 1000 1050 Year 20 21 22 23 24 25 26 27 28 Income 1100 1150 1200 1250 1300 1350 1400 1450 1500 Year 29 30 31 32 33 34 Income 1550 1600 1650 1700 1750 1800 a. $3,239 b. $9,721 C. $10,560 d. . $12,959
Transcribed Image Text:Determine the equivalent present value or present worth of the following cash flow at an interest rate of 5%. Pick the choice closest to your answer. Year 1 2 3 4 6. 7 8 9. Income 200 250 300 350 400 450 500 550 600 Year 10 11 12 13 15 16 17 18 19 Income 650 700 750 800 850 900 950 1000 1050 Year 20 21 22 23 24 25 26 27 28 Income 1100 1150 1200 1250 1300 1350 1400 1450 1500 Year 29 30 31 32 33 34 Income 1550 1600 1650 1700 1750 1800 a. $3,239 b. $9,721 C. $10,560 d. . $12,959
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Balance Of Payment
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS