Question
Carol Garcia has been offered a future payment of $820 two years from now. If she can earn an annual rate of 7.90 percent, compounded
Carol Garcia has been offered a future payment of $820 two years from now. If she can earn an annual rate of 7.90 percent, compounded daily, on her investment, what should she pay for this investment today?(Round intermediate calculations to 5 decimal places, in all cases round your final answer to the nearest penny.)
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
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