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Your friend has a trust fund that will pay her the following amounts at the given interest rate for the given number of years.
Your friend has a trust fund that will pay her the following amounts at the given interest rate for the given number of years. Calculate the current (present) value of your THE trust fund payments (Click here to see present value and future value tables) Amount of Yearly Receipt Rate Time Current Value $6,200 10% 5 years 511,800 12% 9 years $18,000 5% 14 years $23,000 20% 20 years
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
10th Edition
1305793196, 978-1305793194
