Question
Present and Future values for different periods, find the following values using the equations and then a financial calculator. (Compounding/ discounting occurs annualy) a)an initial
Present and Future values for different periods, find the following values using the equations and then a financial calculator. (Compounding/ discounting occurs annualy)
a)an initial $500 compounded for2 year at 6%
b) the present value of $500 due in 2 year at a discount rate of 6%
Also what is the relation with compounding and discounting?
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
4th Edition
1439078084, 978-1439078082
