What is the present value on January 1, 2019, of $40,000 to be received on January 1,

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What is the present value on January 1, 2019, of $40,000 to be received on January 1, 2022, and discounted 8% compounded annually?

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Intermediate Accounting Reporting and Analysis

ISBN: 978-1337788281

3rd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Question Posted: Jul 16, 2019 12:57 PM

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What is the present value on January 1, 2019, of $40,000 to be received on January 1,

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Intermediate Accounting Reporting and Analysis

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