Question: Present-Value Calculations - Example 1 Your friend owes you $1,500 one year from now and he asks you if you would accept a payment of

Present-Value Calculations - Example 1 Your friend owes you $1,500 one year from now and he asks you if you would accept a payment of $1,400 today instead of $1,500 one year from now assuming a rate of 3.30% per year? PV = 1500 (1+3.30%) = $1452.08 $1452.08 > $1400 Should you wait

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