Question
Your firm expects to receive a $20,000 payment from a supplier in 25 days. What is the present value of this cash inflow? Assume an
Your firm expects to receive a $20,000 payment from a supplier in 25 days. What is the present value of this cash inflow? Assume an annual discount rate of 10%.
| a. | $19,994.52 | |
| b. | $20,000.00 | |
| c. | $19,863.95 | |
| d. | $18,181.82 |
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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
