Present Value & Rate of Interest
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Assume that you will receive $2000 a year in years 1 through 5, $3000 a year in years 6 through 8, and $4000 in year 9 with all cash flows to be received at the end of the year. If you require a 14 percent rate of return what is the present value of these cash flows?
If you presently have $6,000 invested at a rate of 15%, how many years will it take for your investment to triple? (Round up to a whole number of years if necessary)
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This solution is comprised of a detailed explanation to answer if you require a 14 percent rate of return what is the present value of these cash flows.
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Present Value & Rate of Interest
Assume that you will receive $2000 a year in years 1 through 5, $3000 a year in years 6 through 8, and $4000 in year 9 with ...
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