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Consider an investment that will pay RM680 per month per month-(Answered)

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Question

Consider an investment that will pay RM680 per month per month for the next 15 years and will be worth RM28,000 at the end of that time. How much is this investment worth to you today at a 5.25 percent discount rate?

The answer for this question is PV= -97,351.34

but I still confused how the solution and how can get it?

 

Paper#9257224 | Written in 27-Jul-2016

Price : $16
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