Question
(a) What is the present value of $38,000 due 10 periods from now, discounted at 8%? (Round answer to 2 decimal places, e.g. 25.25.) Present
(a) What is the present value of $38,000 due 10 periods from now, discounted at 8%? (Round answer to 2 decimal places, e.g. 25.25.)
| Present value | $ |
(b) What is the present value of $38,000 to be received at the end of each of 7 periods, discounted at 7%? (Round answer to 2 decimal places, e.g. 25.25.)
| Present value | $ |
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Accounting For Financial Instruments
Authors: Cormac Butler
1st Edition
0470699809, 978-0470699805
