Determine the present value, discounted at 6 percent per year of $50,000 to be received 5 years

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Determine the present value, discounted at 6 percent per year of $50,000 to be received 5 years from today if the interest rate is compounded
a. Semiannually
b. Quarterly

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Contemporary Financial Management

ISBN: 978-1285198842

13th edition

Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao

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Question Posted: Feb 24, 2017 09:22 AM

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Determine the present value, discounted at 6 percent per year of $50,000 to be received 5 years

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In the given scenario a person will receive 550000 5 years from today The investment will be earning ...View the full answer

Contemporary Financial Management

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