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I need help solving this problem Intro Your favorite aunt has promised to help you with your school expenses by giving you $1,200 in one
I need help solving this problem 
Intro Your favorite aunt has promised to help you with your school expenses by giving you $1,200 in one year. The appropriate interest rate is 8%. Part 1 You wonder how much your aunt's promise is worth. What is the value in current dollar terms of the $1,200 promised for next year Step by Step Solution
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R In Finance And Economics A Beginners Guide
Authors: Abhay Kumar Singh, David Edmund Allen
1st Edition
9813144467, 978-9813144460
