You can expect annual benefit of $15,800 if you deposit $142,200 in a bank account right now. The only catch with this investment is the fact that the annual benefit payments start at the end of the 2d year. The stream of the benefits is expected to continue for somewhere between 15 and 20 years. What is the payback period of this financial deal?

You can expect annual benefit of $15,800 if you deposit $142,200 in a bank account right now. The only catch with this investment is the fact that the annual benefit payments start at the end of the 2d year. The stream of the benefits is expected to continue for somewhere between 15 and 20 years. What is the payback period of this financial deal?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 15PROB

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