If the present value of $500 expected to be received three years from today is $200, what is the discount rate?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
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If the present value of $500 expected to be received three years from today is $200, what is the discount rate?

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