Question
Your uncle offers you a choice of $105,000 in 10 years or $47,000 today. Use Appendix B as an approximate answer, but calculate your final
Your uncle offers you a choice of $105,000 in 10 years or $47,000 today. Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.
If money is discounted at 8 percent, what is the present value of the $105,000?
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The Handbook Of Fixed Income Securities
Authors: Frank Fabozzi, Steven Mann, Francesco Fabozzi
9th Edition
1260473899, 978-1260473896
