Assuming a 10% rate of return, how does the present value of an amount to be received

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Assuming a 10% rate of return, how does the present value of an amount to be received two years from today compare to the present value of the same amount to be received three years from today?
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Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

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