Question
Which one of the following is the correct formula for computing the present value of $600 to be received in 6 years? The discount rate
Which one of the following is the correct formula for computing the present value of $600 to be received in 6 years? The discount rate is 7 percent.
A.
PV = $600 (0.07 6)
B.
PV = $600 (1 + 6)7
C.
PV = $600/(1 + 0.07)6
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
