Assume that an investment provides the following cash inflows over a three-year period: Year 1 Year 2 Year 3 Total $ 3,000 5,000 7,000 $ 15,000 Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. Assuming a discount rate of 20%, what is the present value of these cash inflows? Multiple Choice ○ $10,022 $9,222 ○ $8,322 ○ $9,622
Assume that an investment provides the following cash inflows over a three-year period: Year 1 Year 2 Year 3 Total $ 3,000 5,000 7,000 $ 15,000 Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. Assuming a discount rate of 20%, what is the present value of these cash inflows? Multiple Choice ○ $10,022 $9,222 ○ $8,322 ○ $9,622
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 2E
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