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Feliz [49]
2 years ago
12

Kenneth made a $20,000 investment in year 1, received a $5,000 return in year 2, made an $8,000 cash payment in year 3, and rece

ived his $20,000 back in year 4. If his required rate of return is 8 percent, what was the net present value of his investment
Business
1 answer:
riadik2000 [5.3K]2 years ago
8 0

Answer:

Investment = 20,000

Return 2 = 5,000

Payment y3 = 8,000

Initial Investment = 20,000

NPV = -$5,881.89

Explanation:

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