Register

Using a discount rate of 9% compounded annually, what is the present value of an investment that pays you $4,000 at the end of year-1; $6,000 at the end of year-2; and $14,608 a…

Using a discount rate of 9% compounded annually, what is the present value of an investment that pays you $4,000 at the end of year-1; $6,000 at the end of year-2; and $14,608 a…
asked 22.9k views
0 votes
Using a discount rate of 9% compounded annually, what is the present value of an investment that pays you $4,000 at the end of year-1; $6,000 at the end of year-2; and $14,608 at the end of year-3?

asked
User Ian Dunn
by
7.1k points

1 Answer

5 votes

Answer:

$4,872.

Step-by-step explanation:

answered
User Eric Miller
by
7.6k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
The government has decided that the free market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue.Is this possible? Explain
Link Copied!