Question
Your Uncle Harry says he will give you $2954 three years from now to help pay for a new car. When the interest rate is
Your Uncle Harry says he will give you $2954 three years from now to help pay for a new car.
When the interest rate is 6%, what's the present value of his gift to you?
What's the present value if the rate of interest is 3%?
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International Business Competing in the Global Marketplace
Authors: Charles W. L. Hill
11th edition
1259578119, 978-1259578113
