Problemassume that you will receive 2000 a year in years 1, Ask an Expert

Accounting

Problem:

Assume that you will receive $2,000 a year in Years 1 through 5, $3,000 a year in Years 6 through 8, and $4,000 in Year 9, with all cash flows to be received at the end of the year.

Required:

Question: If you require a 12 percent rate of return, what is the present value of these cash flows?

Note: Show all workings.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170414

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