The present value of a $1,000 payment received two years from now at 5 percent annual interest
Question:
The present value of a $1,000 payment received two years from now at 5 percent annual interest will be less than $900 because of
a. Taxes.
b. Compounding.
c. Withholding.
d. Double jeopardy.
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b Compounding Explanation Compounding ...View the full answer
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Mehwish Aziz
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