Question 2 What is the present value of $25,000 to be received in 5 years if your discount rate is 4% ? Round to the nearest whole number. 20548
Question 2 What is the present value of $25,000 to be received in 5 years if your discount rate is 4% ? Round to the nearest whole number. 20548
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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Please explain how the answer of 20548 was found, along with the name of the formula used
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