What is the present value of a $200 payment in one year when the discount rate is 7 percent?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 7Q
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Present value
What is the present value of a $200 payment in one
year when the discount rate is 7 percent?
Transcribed Image Text:What is the present value of a $200 payment in one year when the discount rate is 7 percent?
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