For each of the following investments, calculate the present value of the future sum, using the specified

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For each of the following investments, calculate the present value of the future sum, using the specified discount rate and assuming the sum will be received at the end of the given year.

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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Question Posted: Apr 28, 2015 03:34 AM

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For each of the following investments, calculate the present value of the future sum, using the specified

Question:

Investment Future Sum($) 7,000 28,000 10,000 150,000 45,000 Discount Rate (%) End of Year 12 20 14 12 20

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Present value PV FV n PVIF k n Invest...View the full answer

Fundamentals of Investing

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