Compute the present value of a $2,200 deposit in year 3, and another $1,700 deposit at the end of year 5 if interest rates are 8 percent. (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Present value

Compute the present value of a $2,200 deposit in year 3, and another $1,700 deposit at the end of year 5 if interest rates are 8 percent. (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Present value

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

Compute the present value of a $2,200 deposit in year 3, and another $1,700 deposit at the end of year 5 if interest rates are 8
percent. (Do not round Intermediate calculations and round your final answer to 2 decimal places.)
Present value

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