Question
If the interest rate this year is 8.5% and the interest rate next year will be 10.5%, what is the future value of $1 after
If the interest rate this year is 8.5% and the interest rate next year will be 10.5%, what is the future value of $1 after 2 years? What is the present value of a payment of $1 to be received in 2 years? (Do not round intermediate calculations. Round your answers to 4 decimal places.)
| Future value | $ |
| Present value | $ |
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Short Term Financial Management
Authors: Ned C Hill
1st Edition
0023548207, 978-0023548208
