Question: I need typed answer with explanation otherwise I will report to your answer and don't use AI BOT. Give me a proper step by step
I need typed answer with explanation otherwise I will report to your answer and don't use AI BOT. Give me a proper step by step explanation I will thumb up.
You will receive $8,600 three years from now. The discount rate is 12 percent. (Use a Financial calculator to arrive at the answers. Round the final answers to nearest whole dollar.) a. What is the value of your investment two years from now? Value of investment $ 6859 b. What is the value of your investment one year from now? Value of investment $ 7679 c. What is the value of your investment today? Value of investment $ 8600
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