In calculating the present value of $1,000 to be received 5 years from today, the discount factor

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In calculating the present value of $1,000 to be received 5 years from today, the discount factor has been calculated to be .7008. What is the apparent interest rate?

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Question Posted: Jul 14, 2017 10:19 AM

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In calculating the present value of $1,000 to be received 5 years from today, the discount factor

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Intermediate Accounting

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