logo

Crowdly

In 2026, the project generates six bimonthly revenues of €15,000, paid at the ...

✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.

In 2026, the project generates six bimonthly revenues of €15,000, paid at the end of every two-month period (February, April, June, August, October and December 2026).

 

Model these six payments as an ordinary bimonthly annuity, and use a 2-month discount rate of r_2m = 5%/6.

 

Compute the present value at 1 January 2026 of the revenues in 2026.

 

Give your answer in euros, rounded to the nearest euro.

More questions like this

Want instant access to all verified answers on moodle.iqs.url.edu?

Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!