Question
What is the present value of $992 to be received in 13.5 years from today if our discount rate is 3.5 percent? Future Value (FV)
What is the present value of $992 to be received in 13.5 years from today if our discount rate is 3.5 percent?
Future Value (FV) 992 Interest Rate (i) 0.035 Number of years (n) 13.5 Answer- Refer to the Solved Example 5 on Page 52 of your text.
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
