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Knowledge Check You need cash of $18,700 to be received in 5 years, discounted at 7% compounded annually. Indicate the inputs to be entered
Knowledge Check You need cash of $18,700 to be received in 5 years, discounted at 7% compounded annually. Indicate the inputs to be entered into the financial calculator keys. What is the present value of the amount to be received? (Round present value answer to two decimal places (e.g., 52.75).) Inputs Calculator N Keys Present value $ ? N/A PV PMT FV
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
