Question
John Smith will receive $75,570 on 5 years from now, from a trust fund established by his father. Assuming the appropriate interest rate for discounting
John Smith will receive $75,570 on 5 years from now, from a trust fund established by his father. Assuming the appropriate interest rate for discounting is 12% (compounded semiannually), what is the present value of this amount today? (Round factor values to 5 decimal places, e.g. 1.25124. Round answers to the nearest whole dollar, e.g. 5,275.) Click here to view factor tables
| Present value | $ |
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Accounting Information Systems
Authors: Patrick R. Wheeler, Ulric J. Gelinas, Richard B. Dull, Dull Gelinas Wheeler
International 10th Edition
017035539X, 9780170355391
