Present value. Suppose you just received an inheritance of $25,000, but you cant get it until youre
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Present value. Suppose you just received an inheritance of $25,000, but you can’t get it until you’re 21.
Assume you are now only 13 years old. If the interest rate is 4.5% APR, compounded monthly, what is that inheritance worth to you today?
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Related Book For
Applied Corporate Finance Making Value Enhancing Decisions In The Real World
ISBN: 9783030816308
2nd Edition
Authors: Mark K. Pyles
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