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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Question
Transcribed Image Text:For what value of X would the cash flow have a present value of -$4,900 assuming the money was invested in an account earning 4%
interest compounded annually?
$2,200
O
tA
$
i = 4%
1
$2,500
2
Click here to access the TVM Factor Table calculator.
$3,500
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