Question
VestCo expects to collect $50,000 two years from today. Assuming an 8% required rate of return the present value of the $50,000 future collection is
VestCo expects to collect $50,000 two years from today. Assuming an 8% required rate of return the present value of the $50,000 future collection is (Use the tables in the Chapter 10 appendix and round your answer to the nearest whole dollar.)
$50,000.
$52,867.
$42,867.
the answer cannot be determined from the information provided
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Management Accounting For Decision Makers
Authors: Dr Peter Atrill, Eddie McLaney
6th Edition
0273731521, 9780273731528
