Using the present value formula, assume an interest rate of 5 percent. What would be the...

Question

Question

Using the present value formula, assume an interest rate of 5 percent. What would be the present value of $40,000 received four years from now?

business economics

Answer 1

Answer #1

he present yalue germ ulg : S1 interest rate, γ future value 40,000 period pn 2 4-yeas 4-0,000 x PV 32,908.10 一he retort ,,t.

Answer 2

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