Roxanne invested 560000 in a new business 7 years ago the, Ask an Expert

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Roxanne invested $560,000 in a new business 7 years ago. The business was expected to bring in $8,000 each month for the next 26 years (in excess of all costs). The annual cost of capital (or interest rate) for this type of business was 7% with monthly compounding. What is the value of the business today?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91549816

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