A company is considering an investment expected to yield $70,000 after six years. If this company demands an 8% return, how much is it willing to pay for this investment today?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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ISBN:9781337514835
Author:MOYER
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Chapter5: The Time Value Of Money
Section: Chapter Questions
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A company is considering an investment expected to yield $70,000 after six years. If this company
demands an 8% return, how much is it willing to pay for this investment today?

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