Suppose you will receive $13000 in 9 months and another 6000 in 23 months. If the discount

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Suppose you will receive $13000 in 9 months and another 6000 in 23 months. If the discount rate is 5% per annum (compounded monthly) for the next 11 months what single amount received today would be equal to the two proposed payments?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Apr 26, 2024 09:08 AM

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Suppose you will receive $13000 in 9 months and another 6000 in 23 months. If the discount

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Expert Answer:

To calculate the present value of the two proposed payments we can use the formula for the present v... View the full answer

Income Tax Fundamentals 2013

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