What is the present value of the expected cash flows for the next 10 years if the interest rate is 8% per year?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 14EA: How much must be invested now to receive $30,000 for 10 years if the first $30.000 is received one...
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1.You expect to receive AED 400,000 a year for the next 10 years and this amount will grow at a rate of 6% . What is the present value of the expected cash flows for the next 10 years if the interest rate is 8% per year? 

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