With an interest rate of 20 percent, what is the present value on December 31, 2020 of

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With an interest rate of 20 percent, what is the present value on December 31, 2020 of payments of $400 on December 31 each year for the next 3 years starting in 2021?

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Jan 06, 2023 05:25 AM

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With an interest rate of 20 percent, what is the present value on December 31, 2020 of

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The present value of the payment 1 year in the future is 4001 020 33...View the full answer

Foundations Of Economics

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