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The present value of $30,000 to be received in 6 years at an interest rate of 16%, compounded annually, is $12,313. Required: Using a present
The present value of $30,000 to be received in 6 years at an interest rate of 16%, compounded annually, is $12,313.
Required: |
Using a present value table (Table 6-4 and Table 6-5), your calculator, or a computer program present value function, calculate the present value of $30,000 for each of the following items (parts a |
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