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Hello, can you explain how i would find the present value of a note? Taking into consideration the discount rate? Thank you! Bramble Taco Company
Hello, can you explain how i would find the present value of a note? Taking into consideration the discount rate? Thank you!
Bramble Taco Company receives a $75,000, 8-year note bearing interest of 6% (paid annually) from a customer at a time when the discount rate is 8%.
(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
What is the present value of the note received by Bramble?(Round answer to 2 decimal places, e.g. 25.25.)
Present value of note received: $
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