Compute the present value of a $2,000 deposit in year 1 and another $2,500 deposit at the

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Compute the present value of a $2,000 deposit in year 1 and another $2,500 deposit at the end of year 4 using an 8 percent interest rate.

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Question Posted: Sep 23, 2014 10:26 AM

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Compute the present value of a $2,000 deposit in year 1 and another $2,500 deposit at the

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Use equation 53 PV 2000 1 008 1 25...View the full answer

Finance Applications and Theory

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