Grandma promises to pay $1,000 after two years and grandpa promises to pay $2,000 after five years.
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Question:
Grandma promises to pay $1,000 after two years and grandpa promises to pay $2,000 after five years. Assuming a discount rate of 4.5%
what is the total present value of the two payments?
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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