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 thirteen years old. If the interest rate is 4.5 % APR, compounded monthly, what is that inheritance worth to you today?

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Applied Corporate Finance Questions Problems And Making Decisions In The Real World

ISBN: 9781493952991

1st Edition

Authors: Mark K. Pyles

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Question Posted: Jun 10, 2024 02:24 AM

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Present value Suppose you just received an inheritance of $25,000, but you cant get it until youre

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Applied Corporate Finance Questions Problems And Making Decisions In The Real World

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