You have just purchased an investment that generates the following cash flows for the next four years. You are able to reinvest these cash flows at 7.2 percent, compounded annually.
You have just purchased an investment that generates the following
cash flows for the next four years. You are able to reinvest these cash flows at 7.2 percent, compounded annually.
End of year
1. $3,244
2. $1,275
3. $4,532
4. $1,536
What is the present value of this investment if 7.2 percent per year is the appropriate discount rate?
Round the answer to two decimal places.
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
