Question
If you owe $42,000 payable at the end of nine years, what amount should your creditor accept in payment immediately if she could earn 15
If you owe $42,000 payable at the end of nine years, what amount should your creditor accept in payment immediately if she could earn 15 percent on her money? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Present Value?
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Principles Of Finance With Excel
Authors: Simon Benninga, Tal Mofkadi
3rd Edition
0190296380, 9780190296384
