Mindblowers Inc. introduced a new video game in 2022. Sales were $50, 000 per quarter in each of the first three quarters of 2022 and increased by 20% per quarter starting in the fourth quarter of that year through the last quarter of last year. What the 2-year income cash flows are worth for Mindblowers Inc. at the end of 2023? The interest rate is 12% per year compounded monthly.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Mindblowers Inc. introduced a new video game in 2022. Sales were $50, 000 per quarter in each of the first three quarters of 2022 and increased by 20% per quarter starting in the fourth quarter of that year through the last quarter of last year. What the 2-year income cash flows are worth for Mindblowers Inc. at the end of 2023? The interest rate is 12% per year compounded monthly.

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