Question
Assume the interest rate is 10% and quarterly compounding. 1. You are going to receive $10,000 in five years. What is the present value?
Assume the interest rate is 10% and quarterly compounding. 1. You are going to receive $10,000 in five years. What is the present value? 2. You are going to receive $2,500 at the end of each quarter over the next five years. What is the present value? [only need formula and input numbers, no calculation]
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Financial And Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th Edition
1337119202, 978-1337119207
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