Question
You will receive $7,000 three years from now. The discount rate is 12 percent. d. Use the formula PV = FV (1/(1+i)n) to find the
You will receive $7,000 three years from now. The discount rate is 12 percent.
d. Use the formula PV = FV (1/(1+i)n) to find the present value of $6,800 received three years from now at 12 percent interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Governance Of Financial Management
Authors: John Carver, Miriam Carver
1st Edition
0470392541, 9780470392546
