Question
Bonita Industries will receive $400000 in a future year. If the future receipt is discounted at an interest rate of 7%, its present value is
Bonita Industries will receive $400000 in a future year. If the future receipt is discounted at an interest rate of 7%, its present value is $285196. In how many years is the $400000 received?
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
8th Edition
1118484320, 978-1118484326
