An investor invests $2,600 in a company at a steady annual interest yield of 4.99 percent. She earns $390 profit in year 1, earns $467 profit in year 2, and earns $285 profit in year 3. Find the Present Value of this investment asset flow.
An investor invests $2,600 in a company at a steady annual interest yield of 4.99 percent. She earns $390 profit in year 1, earns $467 profit in year 2, and earns $285 profit in year 3. Find the Present Value of this investment asset flow.
Chapter16: Interest, Rent, And Profit
Section: Chapter Questions
Problem 1WNG
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.An investor invests $2,600 in a company at a steady annual interest yield of 4.99 percent. She earns $390 profit in year 1, earns $467 profit in year 2, and earns $285 profit in year 3. Find the Present Value of this investment asset flow.
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