Question
What is the present value of the following future amount? $177,648, to be received 16 years from now, discounted back to the present at 19.32
What is the present value of the following future amount?
$177,648, to be received 16 years from now, discounted back to the present at 19.32 percent, compounded daily.
Round the answer to two decimal places.
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
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