justloveyuki9535 justloveyuki9535
  • 24-05-2023
  • Business
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Calculate the present value of the income stream given below assuming a discount rate of 8 percent. What happens to present value if the discount rate increases to 20 percent?
Year

Income

1

$3,000

2

$4,000

3

$6,000

4

$1,000

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