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Two $200 payments at the ends of the third and fourth years would be worth how much today? if there is an 8% yearly interest rate?

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter19: The Basic Tools Of Finance

Section19.1: Present Value: Measuring The Time Value Of Money

Problem 1QQ

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Two $200 payments at the ends of the third and
fourth years would be worth how much today? if
there is an 8% yearly interest rate?

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