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Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter15: Using Management And Accounting Information
Section: Chapter Questions
Problem 5DQ
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i need typing answer i will give 5 upvotes
You are going to receive $3,000 at the end of each year for 3
years. If an annual discount rate is 8%, what is the present
value of this income stream? You can use Table A.3 here
o $2,778
o $2,572
0 $2,382
0 $7,732
O none
Transcribed Image Text:You are going to receive $3,000 at the end of each year for 3 years. If an annual discount rate is 8%, what is the present value of this income stream? You can use Table A.3 here o $2,778 o $2,572 0 $2,382 0 $7,732 O none
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