Question
Crane Company will receive $710000 in a future year. If the future receipt is discounted at an interest rate of 9%, its present value is
Crane Company will receive $710000 in a future year. If the future receipt is discounted at an interest rate of 9%, its present value is $461450 In how many years is the $71000 received?
6 years
7 years
5 years
4 years
7 years
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Modern Auditing And Assurance Services
Authors: Philomena Leung, Paul Coram, Barry J. Cooper, Peter Richardson
6th Edition
1118615247, 9781118615249
