An investment wil pay 900 at the end of each of the next 4


An investment wil pay $900 at the end of each of the next 4 years, $800 at the end of year 5m and $600 at the end of Year 6.

What is its present value if other investments of equal risk earn 9 percent annually?

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Financial Management: An investment wil pay 900 at the end of each of the next 4
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