You are valuing an investment that will pay you nothing the first two years, $19,000 the third year, $21,000 the fourth year, $25,000 the fifth year, and $31,000 the sixth year (all payments are at the end of each year). What is the value of the investment to you now if the appropriate annual discount rate is 5.00%? $106,867.26 $59,439.73 $96,000.05 $87,517.77 $76,410.50

You are valuing an investment that will pay you nothing the first two years, $19,000 the third year, $21,000 the fourth year, $25,000 the fifth year, and $31,000 the sixth year (all payments are at the end of each year). What is the value of the investment to you now if the appropriate annual discount rate is 5.00%? $106,867.26 $59,439.73 $96,000.05 $87,517.77 $76,410.50

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 22P

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