You have a savings account, and you expect that in 4 years you'll have $5,225 saved in
Fantastic news! We've Found the answer you've been seeking!
Question:
You have a savings account, and you expect that in 4 years you'll have $5,225 saved in it. If the discount rate is 10%, what is the present value of that account?
Enter your answer in terms of dollars, without the dollar sign or commas, and rounded to the nearest cent. That is, for example, if your answer is $ 1,628.8934, then enter 1628.89
Related Book For
Financial Accounting Theory and Analysis Text and Cases
ISBN: 978-0470646281
10th edition
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack M. Cathey
Posted Date: