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Assume the annual discount rate is 16%. What is the present value of $2,500 that will be received on this day (June 16) in the
Assume the annual discount rate is 16%.
- What is the present value of $2,500 that will be received on this day (June 16) in the year 2030? Ans: $566.76
- What is the present value of $2,500 that will be received on December 16 in the year 2030? (Assume December 16, 2020 isexactly6-months or 1/2 year from now.)
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
