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In 15 years, Anthony Oaks is to receive $100,000 under the terms of a trust established by his grandparents. Assuming an interest rate of
In 15 years, Anthony Oaks is to receive $100,000 under the terms of a trust established by his grandparents. Assuming an interest rate of 5.8%, compounded continuously, what is the present value of Anthony's legacy? The present value of the legacy is $ (Round to the nearest cent as needed.)
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
