Roxanne invested 230000 in a new business 9 years ago the, Financial Management

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Roxanne invested 230000 in a new business 9 years ago the

Roxanne invested $230,000 in a new business 9 years ago. The business was expected to bring in $2,000 each month for the next 18 years (in excess of all costs). The annual cost of capital (or interest rate) for this type of business was 9% with monthly compounding. What is the value of the business today?

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Financial Management: Roxanne invested 230000 in a new business 9 years ago the

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Financial Management: Roxanne invested 230000 in a new business 9 years ago the

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