You have just celebrated your birthday. Your uncle, has set up a trust fund for you, which will pay you Ghc150,000 when you turn 30 years. If the relevant discount rate is 9%, how much is this fund worth today?

You have just celebrated your birthday. Your uncle, has set up a trust fund for you, which will pay you Ghc150,000 when you turn 30 years. If the relevant discount rate is 9%, how much is this fund worth today?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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You have just celebrated your birthday. Your uncle, has set up a trust fund for
you, which will pay you Ghc150,000 when you turn 30 years. If the relevant
discount rate is 9%, how much is this fund worth today?

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