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Calculate the PV of $500 to be received 39 days from now when the effective rate is 10% for 365 days. A. 490.25 B. 497.37
Calculate the PV of $500 to be received 39 days from now when the effective rate is 10% for 365 days.
- A. 490.25
- B. 497.37
- C. 492.75
- D. 496.21
- E. None of the above
- F. 494.93
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th International Edition
0321552113, 9780321552112
