What is the present value (PV) of an investment that will pay $400 in one year's...
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What is the present value (PV) of an investment that will pay $400 in one year's time, and $400 every year after that, when the interest rate is 5%? What is the present value (PV) of an investment that will pay $400 in one year's time, and $400 every year after that, when the interest rate is 5%?
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To calculate the present value of the investment we need to use the formula PV FV 1 rn Where PV ... View the full answer
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