Assuming that today's date is 1 January 2023, calculate the present value of each of the following
Question:
Assuming that today's date is 1 January 2023, 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 2026
(b) £100,000 to be received on 1 January 2028
(c) £10,000 to be received on I January each year from 2024 to 2027 inclusive.
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a Present value of 50000 to be received on 1 January 2026 Using the formula for present value PV FV ...View the full answer
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Related Book For 
International Financial Reporting a practical guide
ISBN: 9781292439426
8th Edition
Authors: Alan Melville
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