What is the present value of an investment with the following cash flows? Year 1  $14,000 Year 2   $20, 000 Year 3    $30,000 Year 4.   $ 43,000 Year 5.   $ 57,000 Use a 7% discount rate, and round your answer to the nearest $1. a. $128, 487 b. $107, 328 c. $112, 346 d. $ 153, 272

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
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What is the present value of an investment with the following cash flows? Year 1  $14,000 Year 2   $20, 000 Year 3    $30,000 Year 4.   $ 43,000 Year 5.   $ 57,000 Use a 7% discount rate, and round your answer to the nearest $1. a. $128, 487 b. $107, 328 c. $112, 346 d. $ 153, 272
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