Justin invests $2000 at time 0. He receives $6443 at time 1 and pays $4500 at time 2. Compute the Net Present Value of his investment at an effective annual rate of interest of 3%. Possible Answers A 11.25 B 12.29 с 13.66 D 14.38 E 15.41

Justin invests $2000 at time 0. He receives $6443 at time 1 and pays $4500 at time 2. Compute the Net Present Value of his investment at an effective annual rate of interest of 3%. Possible Answers A 11.25 B 12.29 с 13.66 D 14.38 E 15.41

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter2: Gross Income And Exclusions

Section: Chapter Questions

Problem 14MCQ

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Question

Justin invests $2000 at time 0. He receives $6443 at time 1 and pays $4500 at time 2. Compute the Net Present Value of his investment at an
effective annual rate of interest of 3%.
Possible Answers
A 11.25
B 12.29
D
E
13.66
14.38
15.41

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