Consider an investment that promises $2,000 at the end of each of the next four years, and $3,000 per year thereafter for four years. If the discount rate is 5%, the present value of this investment is closest to:
A) $10,737.85
B) $15,843.69
C) $17,729.75

Question

Quizplus · Accepted Answer

The Answer of Consider an investment that promises $2,000 at the end of each of the next four years, and $3,000 per year thereafter for four years. If the discount rate is 5%, the present value of this investment is closest to:
A) $10,737.85
B) $15,843.69
C) $17,729.75

Consider an Investment That Promises $2,000 at the End of Each