Income from recycling the paper and cardboard generated in an office building has averaged $3000 per month for the past 3 years. What is the income stream’s equivalent worth now at an interest rate of 8% per year, compounded quarterly?
What will be an ideal response?
Move cash flows to end of each quarter; find F
F = 9000(F/A,2%,12)
= 9000(13.4121)
= $120,709
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