Your best friend won the state lottery and has offered to give you 500,000 in seven years, after he has made his first million. You figure that if you had the money now, you could invest it at 10% annual interest. What is the value today of your friend's future gift? answer in whole number figure w/ comma

Your best friend won the state lottery and has offered to give you 500,000 in seven years, after he has made his first million. You figure that if you had the money now, you could invest it at 10% annual interest. What is the value today of your friend's future gift? answer in whole number figure w/ comma

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter27: Time Value Of Money (compound)

Section: Chapter Questions

Problem 10E

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