Question
Compute the present value of $4,800 pain in two years using the following discount rates 8% in first years and 7% in the second year.
Compute the present value of $4,800 pain in two years using the following discount rates 8% in first years and 7% in the second year.
Value 2 years from today__________________
Value one year from today________________
Present Value_____________________________
use excel formula to answer the question
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International Financial Management
Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
