Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter19: Capital Investment
Section: Chapter Questions
Problem 19E
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Question
3.
Calculate the total present value of the following three cash flows: $98 obtained one year from today, $28 obtained two years from today, and $26 obtained three years from today. Use 10.2% as the interest rate.
Answer to the nearest cent
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