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Homework answers / question archive / Ebrahim decides to have BD1225 income through investment in a business at the   end 7 years

Ebrahim decides to have BD1225 income through investment in a business at the   end 7 years

Economics

Ebrahim decides to have BD1225 income through investment in a business at the   end 7 years. What amount should he invest if the annual interest rate is 12%

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Answer:

Present value of the amount that he should invest today= 1225 * PVIF(12%,7)

equals 1225* 0.45235 = BD 554.128.

please rate my answer well.

Thanks in advance

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