Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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You have just won a lottery that promises an annual payment of $120000 beginning immediately. You will receive a total of 15 payments. If you can invest the cash flow in an investment that is paying 8% annually, what is the
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Present Value
Present value is the current value of tomorrow's money at a specified rate of return for a particular period of time. Present value is the value most investors are reliable upon. as it calculates the return they can get on their investment.
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