Question
A rich Aunt set up a trust fund that will pay you a $100,000 lump sum in 8 years. If the relevant interest rate is
A rich Aunt set up a trust fund that will pay you a $100,000 lump sum in 8 years. If the relevant interest rate is 12 % what is this trust fund worth today?
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
4th edition
978-1259995057, 1259995054, 978-0077503987, 77503988, 978-0077639730
