Assume you recently have 6,000 in a bank. Assume that you are going to receive 160 monthly

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Assume you recently have 6,000 in a bank. Assume that you are going to receive 160 monthly until the day of your retirement 22 years from now. What is the present value of all these cash flows if the yearly interest rate is 6%.

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Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

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Posted Date: Jun 07, 2023 09:32 AM

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Assume you recently have 6,000 in a bank. Assume that you are going to receive 160 monthly

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Step 1 Present Value It is calculated by discounting a... View the full answer

Financial Accounting and Reporting a Global Perspective

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