What is the present worth in year 0 given that the interest rate is at 8% per year? Year 3 4 6. 7 8. 9. 10 Cash Flow, $ 13 13 13 13 16 19 22 25 28 31

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 worth in year 0 given that the interest rate is at 8% per year?
Year
1
2 3 4 5 6
7
8
9.
10
Cash Flow, $
13 13
13 13
16 19
22 25 28 31
Transcribed Image Text:What is the present worth in year 0 given that the interest rate is at 8% per year? Year 1 2 3 4 5 6 7 8 9. 10 Cash Flow, $ 13 13 13 13 16 19 22 25 28 31
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