16. You have just purchased an investment that generates the following cash flows for the next four years. You are able to reinvest these cash flows at 3.65 perecent, compounded annually. How much is this investment worth today?
End of year
1.$2,042
2.$443
3.$4,257
4.$4,837
What is the present value of this investment if 3.65 perecent per year is the appropriate discount rate?
Round the answer to two decimal places.
17. You have been offered the opportunity to invest in a project that will pay $3,855 per year at the end of years one through three and $10,206 per year at the end of years four and five. IF the appropriate discount rate is 12.74 perecent per year, what is the present value of this cash flow patttern?
Round the answer to two decimal places.
16. You have just purchased an investment that generates the following cash flows for the next four years. You are able to reinvest these cash flows at 3.65 perecent, compounded annually. How much is this investment worth today?
End of year
1.$2,042
2.$443
3.$4,257
4.$4,837
What is the present value of this investment if 3.65 perecent per year is the appropriate discount rate?
Round the answer to two decimal places.
17. You have been offered the opportunity to invest in a project that will pay $3,855 per year at the end of years one through three and $10,206 per year at the end of years four and five. IF the appropriate discount rate is 12.74 perecent per year, what is the present value of this cash flow patttern?
Round the answer to two decimal places.
