Question
A company wants to find the yield on an investment that requires a certain amount today in which then returns a single amount some time
A company wants to find the yield on an investment that requires a certain amount today in which then returns a single amount some time in the future. Which time value of money table would the company use?
a. the present value of $1 or the future value of $1.
b. the future value of an annuity of $1.
c. present value of an annuity of $1.
d. None of these are correct.
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Frequently Asked Questions In International Standards On Auditing
Authors: Steven Collings
1st Edition
1118765419, 978-1118765418
