present value of $900 to be received nine years from now discounted back to the present at 9% is

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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The present value of $900 to be received nine years from now discounted back to the present at 9% is
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