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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![**Intro**
You expect to receive two cash flows: $9,000 paid after 3 years and $18,000 paid after 6 years. The annual interest rate is 8%.
**Part 1**
What is the present value of the combined cash flows?
[Input Field: 0+ decimals]
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Transcribed Image Text:**Intro**
You expect to receive two cash flows: $9,000 paid after 3 years and $18,000 paid after 6 years. The annual interest rate is 8%.
**Part 1**
What is the present value of the combined cash flows?
[Input Field: 0+ decimals]
[Submit Button]
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