What is the present value of the combined cash flows?

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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Intro
You expect to receive two cash flows: $9,000 paid after
3 years and $18,000 paid after 6 years. The annual
interest rate is 8%.
Part 1
What is the present value of the combined cash flows?
0+ decimals
Submit
Transcribed Image Text:Intro You expect to receive two cash flows: $9,000 paid after 3 years and $18,000 paid after 6 years. The annual interest rate is 8%. Part 1 What is the present value of the combined cash flows? 0+ decimals Submit
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