What is the present value of $1,200 to be received in 2 years if the discount rate is 8% ? (General Finance) A) $1,028.66 B) $1,100 C) $1,050 D) $1,150

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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Question 2: general finance

What is the present value of $1,200 to be received in 2 years if the
discount rate is 8% ? (General Finance)
A) $1,028.66
B) $1,100
C) $1,050
D) $1,150
Transcribed Image Text:What is the present value of $1,200 to be received in 2 years if the discount rate is 8% ? (General Finance) A) $1,028.66 B) $1,100 C) $1,050 D) $1,150
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