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Problem:

An investment will pay $1,351 two years from now, $2,973 four years from now, and $1,1303 five years from now.

Required:

Question: If the opportunity rate is 11.77 percent per year, what is the present value of this investment?

Note: Please explain comprehensively and give step by step solution.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91174407

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