For what interest rate will an uniform cash flow of $40,000 per year for 10 years, (t=1 to 10) be equivalent to a present worth of $294,404 ? O 5% O 4% O 8% O 6% O 7% 2 o o O O
For what interest rate will an uniform cash flow of $40,000 per year for 10 years, (t=1 to 10) be equivalent to a present worth of $294,404 ? O 5% O 4% O 8% O 6% O 7% 2 o o O O
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
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:For what interest rate will an uniform cash flow of $40,000 per year for 10 years, (t=1 to 10) be equivalent to a present worth of $294,404 ?
5%
4%
8%
6%
7%
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