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If the interest rate(discount rate) is 4% per annum then the discount factors for whole years are 1/(1.04)^N Find receiving $10,000 in 3 years would
If the interest rate(discount rate) is 4% per annum then the discount factors for whole years are 1/(1.04)^N
Find receiving $10,000 in 3 years would be worth how much today.
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Financial Markets And Institutions
Authors: Jeff Madura
13th Edition
0357130790, 978-0357130797
