What is the value of an asset which pays $200 a year for the next 5 years and can be sold for $1,500 at the end of five years from now? Assume that the opportunity cost is 10 percent
What will be an ideal response?
Using Financial calculator: FV=1500, PMT=200, N=5, I=10, CPT PV = -1689.54
The value of the asset = $1,689.54.
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