An investment earns 10% annually. The present value of $10,000 to be received at the end c each of the next 3 years is:

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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An investment earns 10% annually. The present value of $10,000 to be received at the end o
each of the next 3 years is:
Transcribed Image Text:An investment earns 10% annually. The present value of $10,000 to be received at the end o each of the next 3 years is:
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