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chapter 3 Q 8 An investment promises a payoff of $995 two and one-half years from today. At a discount rate of 4.5% per year,
chapter 3 Q 8
An investment promises a payoff of $995 two and one-half years from today. At a discount rate of 4.5% per year, what is the present value of this investment? 932.15 $891.32 O $808.44 $914.67 Step by Step Solution
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