An investment of P40,000 has a revenue of X pesos at the end of the first and second year. Given a discount rate of 15% compounded annually, find so that the net present worth of the investment is zero. Answer in whole number.

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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investment of P40,000 has a revenue of X pesos at the end of the first and second year. Given a discount rate of 15% compounded annually, find
X so that the net present worth of the investment is zero. Answer in whole number.
Transcribed Image Text:An investment of P40,000 has a revenue of X pesos at the end of the first and second year. Given a discount rate of 15% compounded annually, find X so that the net present worth of the investment is zero. Answer in whole number.
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