An investment offers the following: a series of $1000 annual payments, starting one year from now, for a total of 12 payments. If your opportunity cost (as an EAR) is 5%, what is the investment worth to you today? O $11,079.20 $9,214.56 O $10,103.26 O $8,863.25 O $10.241.19

An investment offers the following: a series of $1000 annual payments, starting one year from now, for a total of 12 payments. If your opportunity cost (as an EAR) is 5%, what is the investment worth to you today? O $11,079.20 $9,214.56 O $10,103.26 O $8,863.25 O $10.241.19

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 27P

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An investment offers the following: a series of $1000 annual payments, starting one year from now,
for a total of 12 payments. If your opportunity cost (as an EAR) is 5%, what is the investment worth
to you today?
$11.079.20
O $9.214.56
O $10.103.26
$8,863.25
O $10,241.19

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