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You will receive $10,600 three years from now. The discount rateis 8 percent.A. What is the value of your investment two years from now?Multiply $10,600
You will receive $10,600 three years from now. The discount rateis 8 percent.A. What is the value of your investment two years from now?Multiply $10,600 Ã? (1/1.08) or divide by 1.08 (one yearâ??s 2 answers
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
