1. 2. Charles will have $5,000 in the bank after 5 years. The bank will pay Charles...
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Charles will have $5,000 in the bank after 5 years. The bank will pay Charles 10% interest annually. What is the present value of the $5,000? (Round answers to nearest whole number. Do not enter commas or periods in the answer) Charles will have $5,000 in the bank after 5 years. The bank will pay Charles 10% interest annually. What is the present value of the $5,000? (Round answers to nearest whole number. Do not enter commas or periods in the answer)
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Solution 1 2 This is the information we have been provided with The future value is FV 5000 the yea... View the full answer
Related Book For
Corporate Finance
ISBN: 978-0077861759
10th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
Posted Date:
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