1.a) How much should you be willing to pay today for Gopher Gardens?
Present Value (PV) of Cash Flow:
(Cash Flow)/((1+i)^N)
i=Discount Rate=Interest rate=6%=0....
1.a) How much should you be willing to pay today for Gopher Gardens?
Present Value (PV) of Cash Flow:
(Cash Flow)/((1+i)^N)
i=Discount Rate=Interest rate=6%=0....