Calculate the present value of $5,800 received at the end of year 1, $6,400 received at the end of year 2, and $8,700 at the end of year 3, assuming an opportunity cost of 13 percent
What will be an ideal response?
PV = 5,800(1.13 )-1 + 6,400(1.13 )-2 + 8,700(1.13 )-3 = $16,174.42
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