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3. Consider a lump sum of $9,000 to be received 10 years from now (i.e., at time node t=10) . What is its present value
3. Consider a lump sum of $9,000 to be received 10 years from now (i.e., at time node t=10) . What is its present value today at an expected return of 6% per year?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
