Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

What is the present value of $50826 to be received exactly 17 years from today if the interest rate is 21% p.a.? ( Round your

What is the present value of $50826 to be received exactly 17 years from today if the interest rate is 21% p.a.? ( Round your answer to the nearest 2 decimal places)

Please be correct and show work!

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations Of Real Estate Financial Modelling

Authors: Roger Staiger

2nd Edition

1138046183, 978-1138046184

More Books

Students explore these related Finance questions