In each of the following cases, calculate the PDV of the specified amount under the specified circumstances.
Question:
a. $6,300 received in 8 years, at an interest rate of 4 percent.
b. $115,000 received in 2 years, at an interest rate of 18 percent.
c. $45,000 received in 100 years, at an interest rate of 1 percent.
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a 460334 b 8259120 c 1663700 Explanation The interest rate is the amount of interest paid ...View the full answer
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