Your friend has a trust fund that will pay her the following amounts at the given interest
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Your friend has a trust fund that will pay her the following amounts at the given interest rate for the given number of years. Calculate the current (present) value of your friend’s trust fund payments.
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Amount of Yearly Receipt $ 6,200 12,200 18,000 22,500 Rate 10% 12% 15% 20% Time 5 years 10 years 15 years 20 years Current Value ? ? ? ?
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To calculate the present value of your friends trust fund payments well use the formula for present ...View the full answer
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Related Book For
Principles Of Accounting Volume 2 Managerial Accounting
ISBN: 9780357364802
1st Edition
Authors: OpenStax
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