PV of $1 @ 14% 0.3506 0.3075 10 0.2697

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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An investment product promises to pay $25,458 at the end of nine years. If an investor feels this investment should produce a rate of return of 14 percent, compounded annually, what’s the most the investor should be willing to pay for the investment? a. $6,866 b. $7,828 c. $8,926 d. $9,426

PV of $1 @ 14%
0.3506
0.3075
10
0.2697
Transcribed Image Text:PV of $1 @ 14% 0.3506 0.3075 10 0.2697
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