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The company sells products to a customer for $60,000 and will receive $15,000 at the end of the second to fifth years. The market interest
- The company sells products to a customer for $60,000 and will receive $15,000 at the end of the second to fifth years. The market interest rate is 6%. Please calculate the present value of the receivable (compounding annually and rounded to the nearest dollar).
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Financial Accounting An International Introduction
Authors: David Alexander, Christopher Nobe
6th Edition
1292102993, 978-1292102993
