If the interest rate is 12 percent and a dollar will be paid to you in four

Question:

If the interest rate is 12 percent and a dollar will be paid to you in four years, what is the present value of that dollar (to the nearest cent)?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

Question Posted: