Question
What is the present value of a $1000 future amount received in 12years if the appropriate discount rate is 10% APR? (FYI: This problem computes
What is the present value of a $1000 future amount received in 12years if the appropriate discount rate is 10% APR? (FYI: This problem computes the value of a 12year, $1000 zero coupon bond, although it is phrased in time value of money language, rather than bond language.)
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
