You would like to have $1,500 in 14 years. What is the present value (current sum needed

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You would like to have $1,500 in 14 years. What is the present value (current sum needed NOW for the future) at: a) 5% interest AND b) 20% interest rate? Explain why the present value is lower when the interest rate is higher

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Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-1337395250

15th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: May 04, 2024 09:51 AM

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You would like to have $1,500 in 14 years. What is the present value (current sum needed

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Fundamentals of Financial Management

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