What is the present value of a $20,000 sum to be given six years from now if
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What is the present value of a $20,000 sum to be given six years from now if the discount rate is 8 percent?
Discount RateDepending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...
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