The present value of this investment is $3.33 per year (if you are trying to pay a little each year proceeding the last)
Hope this helps and if I'm not correct you should see someone correct me pretty quickly.
You are considering investing
in a security that will pay you $1,000 in 30 years.
If the appropriate discount rate is 10 percent, what is the present value of this investment?
2 answers
Tristan,
Can you please give details on how you came up with this answer?
Can you please give details on how you came up with this answer?
1 answer