Question: 2. Present value. You are expected to receive $1,000,000 ten years from now. Assuming an interest rate of 8.5% per year, what is the value

2. Present value. You are expected to receive $1,000,000 ten years from now. Assuming an interest rate of 8.5% per year, what is the value of that sum in present dollars.

Timeline: Draw the timeline and place all the information on it. ?

Theory: ?

Financial calculator: N= I%= PV= PMT=0 FV= I 1, 1, END ?

2. Present value. You are expected to receive $1,000,000 ten years

2. You are expected to receive $1,000,000 ten years from now. Assuming an interest rate of 8.5% per year, what is the value of that sum in present dollars. Timeline: Draw the timeline and place all the information on it. Financial calculator

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