John Longwaite will receive 100,000 in 50 years. His friends are very jealous of him. If the funds are discounted back at a rate of 14 percent, what is the percent , what is the present values of his future “pot of gold”?
John Longwaite will receive 100,000 in 50 years. His friends are very jealous of him. If the funds are discounted back at a rate of 14 percent, what is the percent , what is the present values of his future “pot of gold”?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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John Longwaite will receive 100,000 in 50 years. His friends are very jealous of him. If the funds are discounted back at a rate of 14 percent, what is the percent , what is the present values of his future “pot of gold”?
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