What is the present value of $100 due in 3 years if the appropriate interest rate is

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What is the present value of $100 due in 3 years if the appropriate interest rate is 8%, compounded annually? ($79.38) Compounded monthly? ($78.73)

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Financial Management Theory And Practice

ISBN: 9781439078105

13th Edition

Authors: Eugene F. Brigham, Michael C. Ehrhardt

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