Question
Ron Sewert owes $30,000 on a non-interest-bearing note due January 1, 2029. He offers to pay the amount on January 1, 2019, provided that it
Ron Sewert owes $30,000 on a non-interest-bearing note due January 1, 2029. He offers to pay the amount on January 1, 2019, provided that it is discounted at 10% on a compound annual discount basis. What would he have to pay on January 1, 2019, under this assumption?
Round your answer to two decimal places.
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Investing In People Financial Impact Of Human Resource Initiatives
Authors: John W. Boudreau, Wayne F. Cascio, Alexis A. Fink
3rd Edition
1586446096, 978-1586446093
