Bryli s grandma promised to give her $ 2 4 , 0 0 0 when she

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Question:

Bryli

’

s grandma promised to give her $

24, 000

when she graduates from college five years from now. Assuming an interest rate of

10 %

annually, what is the value of Bryli

’

s gift right now?

Related Book For answer-question

Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

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Posted Date: Mar 16, 2024 02:30 AM

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Bryli s grandma promised to give her $ 2 4 , 0 0 0 when she

Question:

Expert Answer:

We can calculate the present value of Brylis gift using the present value formul... View the full answer

Real Estate Finance and Investments

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