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Using a discount rate of 9% compounded annually, what is the present value of an investment that pays you $4,000 at the end of year-1; $6,000 at the end of year-2; and $14,608 at the end of year-3?
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17 votes
17 votes
Using a discount rate of 9% compounded annually, what is the present value of an investment that pays you $4,000 at the end of year-1; $6,000 at the end of year-2; and $14,608 at the end of year-3?

User Voice
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19 votes
19 votes

Answer:

$4,872.

Step-by-step explanation:

User David Dias
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