Homework Answers
The present value is computed as shown below:
= 200 + 300 / 1.061 + 400 / 1.062 + 500 / 1.063 + 500 / 1.064 + 500 / 1.065 + 500 / 1.066 + 500 / 1.067 + 500 / 1.068
= 3,027.22 Approximately
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