The present value of $10,000 to be received in 12 years is ________ if the discount...
The present value of $10,000 to be received in 12 years is ________ if the discount rate is 7% and m=1. A) $2,784.83 B) $3,555.35 C) $4,440.12 D) $5,956.71
Homework Answers
C) $4,440.12
PV = FV / (1 + r)^t
PV = $10,000 / (1 + 0.07)^12
PV = $4,440.12
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