Your firm is going to settle a lawsuit for $1 million. How much would be the present
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Question:
Your firm is going to settle a lawsuit for $1 million. How much would be the present value of the payment if the firm could negotiate the payment to be in 2 years instead of today, assuming the applicable interest rate is 10%?
a. $826,446.28
b. $1210,000.00
c. $174,543.72
d. $210,000.00
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
Posted Date: