What is the present value of $ 42,000 to be received 6 years from today, assuming an annual discount rate of 9 percent? Round your answer to 2 decimal places

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 11EA: How much would you invest today in order to receive $30,000 in each of the following (for further...
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What is the present value of $ 42,000 to be received 6 years from today, assuming an annual discount rate of 9 percent? Round your answer to 2 decimal places

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