An investment opportunity requires a payment of $990 for 12 years, starting a year from today....

Question

Question

An investment opportunity requires a payment of $990 for 12 years, starting a year from today. If your required rate of retur

Answer 1

Answer #1

Value of investment today is calculated using the PV function as follows:-

=PV(rate,nper,pmt)

=PV(10%,12,-990)

=6745.55

Answer 2

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