Question: An investment will pay $2,565 two years from now…
An investment will pay $2,565 two years from now, $3,503 four years from now, and $3,683 five years from now. If the opportunity rate is 13.86 percent per year, what is the present value of this investment? Show work please. The correct answer is $5,987.44 but how you get the answer? How to use excel, formulas, financial???
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