What is the present value of 600 TL which will be invested at the end of each year during the next 12 years? Discount rate is 3%. 6.345,96 TL 4.632,78 5.972,4 TL 9.623,47 8.515,2 TL.

Cornerstones of Cost Management (Cornerstones Series)
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Author:Don R. Hansen, Maryanne M. Mowen
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Chapter19: Capital Investment
Section: Chapter Questions
Problem 23E: Assume that an investment of 100,000 produces a net cash flow of 60,000 per year for two years. The...
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What is the present value of 600 TL which will be invested at the end of each year during the next 12 years? Discount rate is 3%.


6.345,96 TL
4.632,78
5.972,4 TL
9.623,47
8.515,2 TL. 

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