What is the present value of a $750 payment made in three years when the discount rate is 5 percent?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 7P
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What is the present value of a $750
payment made in three years when the
discount rate is 5 percent?
Transcribed Image Text:What is the present value of a $750 payment made in three years when the discount rate is 5 percent?
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