Estimating net present value of investment


Kenneth made a $20,000 investment in year 1, received a $5,000 return in year 2, made an $8,000 cash payment in year 3, and received his $20,000 back in year 4. If his required rate of return is 8%, what was the net present value of his investment?

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Finance Basics: Estimating net present value of investment
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