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

Economics Nov 07, 2020

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%

Expert Solution

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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