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6. Compute the present value of a $850 payment made in 10 years when the discount rate is 12 percent (Cornett, Adair, & Nofsinger, 2014).
6. "Compute the present value of a $850 payment made in 10 years when the discount rate is 12 percent" (Cornett, Adair, & Nofsinger, 2014). Recalculate the present value, using an 11-percent discount rate, and again, using a 13-percent discount rate
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
