Assuming that today's date is 1 January 2020, calculate the present value of each of the following
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Assuming that today's date is 1 January 2020, calculate the present value of each of the following (using a discount rate of 7% in each case):
(a) £50,000 to be received on 1 January 2023
(b) £100,000 to be received on 1 January 2025
(c) £10,000 to be received on I January each year from 2021 to 2024 inclusive.
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a 1 invested at 7 per annum will become 1 107 107 107 after three years So the present va...View the full answer
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