A n IOU for $ 1 , 0 0 0 can be cashed exactly five years from

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Question:

An IOU for $

1, 000

can be cashed exactly five years from now. what is the present value, assuming a discount rate of

5.25 %

compounded semiannually?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Mar 19, 2024 07:43 AM

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A n IOU for $ 1 , 0 0 0 can be cashed exactly five years from

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To calculate the present value of the IOU for 1000 cashed in exactly five years f... View the full answer

Intermediate Accounting

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