What is the present value of $1,200 to be received in 2 years if the discount rate is 8%? (General Finance) A) $1,028.66 B) $1,100 C) $1,050 D) $1,150

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 $1,200 to be received in 2 years if the
discount rate is 8%? (General Finance)
A) $1,028.66
B) $1,100
C) $1,050
D) $1,150
Transcribed Image Text:What is the present value of $1,200 to be received in 2 years if the discount rate is 8%? (General Finance) A) $1,028.66 B) $1,100 C) $1,050 D) $1,150
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