What is the present value of $452,000 to be received in 6 years from today. Assume a per annum discount rate of 14%, compounded annually. (Round to nearest penny, e.g. 1234.56)
What is the present value of $452,000 to be received in 6 years from today. Assume a per annum discount rate of 14%, compounded annually. (Round to nearest penny, e.g. 1234.56)
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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