What is the present value of $99,000 due 7 years from now discounted at 9%? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 52.75.) Present value $
What is the present value of $99,000 due 7 years from now discounted at 9%? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 52.75.) Present value $
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 3CE
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![What is the present value of $99,000 due 7 years from now discounted at 9%? (For calculation purposes, use 5 decimal places as
displayed in the factor table provided. Round answer to 2 decimal places, e.g. 52.75.)
Present value
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6817b732-d772-4533-b1b2-837d0a85b1f1%2Fe14e3d98-4321-4684-832a-c7b25a0a0fdf%2Flma6vmq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What is the present value of $99,000 due 7 years from now discounted at 9%? (For calculation purposes, use 5 decimal places as
displayed in the factor table provided. Round answer to 2 decimal places, e.g. 52.75.)
Present value
$
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