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Your firm has just sold a piece of property for $1,100,000, but under the sales agreement, it won't receive the $1,100,000 until 23 years
Your firm has just sold a piece of property for $1,100,000, but under the sales agreement, it won't receive the $1,100,000 until 23 years from today. What is the present value of $1,100,000 to be received 23 years from today if the discount rate is 13.25% annually?
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
