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Knowledge Check You need cash of $18,700 to be received in 5 years, discounted at 7% compounded annually. Indicate the inputs to be entered into the financial calculator keys. What is the present value of the amount to be received? (Round present value answer to two decimal places (e.g., 52.75).) Inputs Calculator N Keys Present value $ ? N/A PV PMT FV

Knowledge Check You need cash of $18,700 to be received in 5 years, discounted at 7% compounded annually. Indicate the inputs to be entered into the financial calculator keys. What is the present value of the amount to be received? (Round present value answer to two decimal places (e.g., 52.75).) Inputs Calculator N Keys Present value $ ? N/A PV PMT FV

Essentials Of Investments
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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Knowledge Check You need cash of $18,700 to be received in 5 years, discounted at 7% compounded annually. Indicate the inputs to be entered into the financial calculator keys. What is the present value of the amount to be received? (Round present value answer to two decimal places (e.g., 52.75).) Inputs Calculator N Keys Present value $ ? N/A PV PMT FV
Transcribed Image Text:Knowledge Check You need cash of $18,700 to be received in 5 years, discounted at 7% compounded annually. Indicate the inputs to be entered into the financial calculator keys. What is the present value of the amount to be received? (Round present value answer to two decimal places (e.g., 52.75).) Inputs Calculator N Keys Present value $ ? N/A PV PMT FV
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