On June 1 2023 Cost of trip $5,000 Sweeden On June 1 2025 and June 1 2026 & June 1 2027 and June 1 2032 Cost for each trip is $7,000 June 1 2037 cost of trip $4,500 and $4950. Assume 8% annual interest rate through out What is the present value?

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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For the break of Thanksgiving to Christmas

On June 1 2023 Cost of trip $5,000 Sweeden

On June 1 2025 and June 1 2026 & June 1 2027 and June 1 2032 Cost for each trip is $7,000

June 1 2037 cost of trip $4,500 and $4950.

Assume 8% annual interest rate through out

What is the present value?

Thank you

Brenda

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Present value refers to value of future cash flow on present date.

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