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Which formula provides the value of this gift

Which formula provides the value of this gift

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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5 of 9 Concepts completed i Multiple Cholce Questlon You expect to receive a gift of $5,000 six years from today. Which formula provides the value of this gift two years from today if the discount rate is 9 percent? O PV = $5,000 (1 + 0.09)6 O PV = $5,000 x (1 + 0.09)4 O PV = $5,000/(1 + 0.09)4 O PV = $5,000/(1 + 0.09)6 O Need help? Review these concept resources. O Read About the Concept O Reading High Medium Low Rate your cohfidence to submit your answer. AU Rights Reserved Privacy | Terms of Use
Transcribed Image Text:5 of 9 Concepts completed i Multiple Cholce Questlon You expect to receive a gift of $5,000 six years from today. Which formula provides the value of this gift two years from today if the discount rate is 9 percent? O PV = $5,000 (1 + 0.09)6 O PV = $5,000 x (1 + 0.09)4 O PV = $5,000/(1 + 0.09)4 O PV = $5,000/(1 + 0.09)6 O Need help? Review these concept resources. O Read About the Concept O Reading High Medium Low Rate your cohfidence to submit your answer. AU Rights Reserved Privacy | Terms of Use
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