Present Value Computation You will receive $4,500 in 3 years. What is the present value if you can earn 8% interest compounded annually? Use Excel or a financial calculator for computation. Round your answer to nearest dollar. $Answer
Present Value Computation You will receive $4,500 in 3 years. What is the present value if you can earn 8% interest compounded annually? Use Excel or a financial calculator for computation. Round your answer to nearest dollar. $Answer
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter4: Managing Your Cash And Savings
Section: Chapter Questions
Problem 7FPE: Calculating interest earned and future value of savings account. If you put 6,000 in a savings...
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Present Value Computation
You will receive $4,500 in 3 years. What is the present value if you can earn 8% interest compounded annually?
Use Excel or a financial calculator for computation. Round your answer to nearest dollar.
$Answer
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