What is the present value of $1,500 due in 14 years at a (a) 5 percent interest

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What is the present value of $1,500 due in 14 years at a

(a) 5 percent interest rate

(b) 10 percent rate.

Explain why the present value is lower when the interest rate is higher.

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ISBN: 978-1305666870

5th edition

Authors: Scott Besley, Eugene Brigham

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Question Posted: Jan 31, 2020 09:48 AM

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What is the present value of $1,500 due in 14 years at a (a) 5 percent interest

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a PV 1500105 14 15000505068 75760 Using a financial calculator enter N 14 IY 5 PMT 0 ...View the full answer

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