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?
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
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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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
Thank you
Brenda
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Present value refers to value of future cash flow on present date.
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