What is the present value of a lump sum, $308,000 in 12 years if the interest rate
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Question:
What is the present value of a lump sum, $308,000 in 12 years if the interest rate (discount rate) is 10.0 percent annually? (Round your answer to 2 decimal places. (e.g., 123,345.16))
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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