f you owe $47,000 payable at the end of five years, what amount should your creditor accept in payment immediately ifs e cOu ean 8 percent on her money? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calcuiator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value

f you owe $47,000 payable at the end of five years, what amount should your creditor accept in payment immediately ifs e cOu ean 8 percent on her money? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calcuiator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...

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