An investment costs $3128 and pays $580 in perpetuity. If the interest rate is 12%, what is the NPV? 5583 1705 3683 1831.

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
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An investment costs $3128 and pays $580 in perpetuity. If the interest rate is 12%, what is the NPV?
5583
1705
3683
1831
Transcribed Image Text:An investment costs $3128 and pays $580 in perpetuity. If the interest rate is 12%, what is the NPV? 5583 1705 3683 1831
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