Question
Compute the present value of a $5,500 deposit in year 1, and another $5,000 deposit at the end of year 4 using an 8 percent
Compute the present value of a $5,500 deposit in year 1, and another $5,000 deposit at the end of year 4 using an 8 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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Mathematics For Business
Authors: Stanley A Salzman, Charles D Miller, Gary Clendenen
8th Edition
0321357434, 9780321357434
