An orcharder spends $110,000 to plant pomegranate bushes. It will take four years for the bushes to provide a usable crop. He estimates that every year for 20 years after that he will receive a crop worth $10,500 per year. If the discount rate is 9%, what is the net present value (NPV) of this investment
Is there a way to solve this using a graphing calculator, ie casio fx-9750 gii?
how would I input the answer of
"financial calculator, enter CF0 = -110,000 , CF1 = 0, F1 = 4, CF2 = 10,500 , F2 = 20; calculate NPV for I = 9% = -$42,098"
NPV of the project is negative and it stands at (-)$42098
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