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Consider the following information obtained today: Relevant rate of return observed in the market = 6% per annum compounding monthly Expected cash flow in 0.5
Consider the following information obtained today:
- Relevant rate of return observed in the market = 6% per annum compounding monthly
- Expected cash flow in 0.5 years time: $1000
Which of the following is closest to the PV of the cash flow given the information above?
Group of answer choices
$942.18
$971.29
$970.52
$941.91
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Glencoe Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0021400202, 9780021400201
