Question
8. Find the present value of $100 to be received at the end of two years if the discount rate is 12%. (It is good
8. Find the present value of $100 to be received at the end of two years if the discount rate is 12%. (It is good to draw a timeline)
PV=? 100
|_____|_____|
0 1 2
a. 26.985
b. 42.698
c. 54.369
d. 79.719
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
16th Edition
324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140
