Assume that you currently have $52,385 in the bank. That you are going to receive $585 four times a year until the day of your retirement (30 years from now). What is the present value of all these cash flows if the interest rate is 6.12%?
Assume that you currently have $52,385 in the bank. That you are going to receive $585 four times a year until the day of your retirement (30 years from now). What is the present value of all these cash flows if the interest rate is 6.12%?
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...
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4. Assume that you currently have $52,385 in the bank. That you are going to receive $585 four times a year until the day of your retirement (30 years from now). What is the present value of all these cash flows if the interest rate is 6.12%?
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