Question
Compute the present value of $4800 paid in two years using the following discount rate: 8% in the first year and 7% in the second
Compute the present value of $4800 paid in two years using the following discount rate: 8% in the first year and 7% in the second year (Do not round intermediate calculations and round your answer to 2 decimal places)
Future Value $ 4800
Number of year 2
Interest rate first year8.00%
Interest rate second year 7.00%
Complete the following analysis. Do not hard code values in your calculations
Value two years from today ---------------?
Value one year from today-------------------?
Present Value --------------------?
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Introduction To Financial Accounting
Authors: Charles T Horngren, John A Elliott
9th Edition
0131479725, 978-0131479722
