Determine the present value of $7000 in two years time if the discount rate is 8% compounded
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Determine the present value of $7000 in two years’ time if the discount rate is 8% compounded (a) quarterly (b) continuously
Discount RateDepending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...
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