Compute the present value of an $1.200 payment made in nine years when the discount rate is 11 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Compute the present value of an $1.200 payment made in nine years when the discount rate is 11 percent. (Do not round
intermediate calculations. Round your answer to 2 decimal places.)
Present value
Transcribed Image Text:Compute the present value of an $1.200 payment made in nine years when the discount rate is 11 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value
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