PERSONAL FINANCE
PERSONAL FINANCE
5th Edition
ISBN: 9781308498706
Author: Kapoor
Publisher: McGraw Hill
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Chapter 5, Problem 5FPP
Summary Introduction

To determine:

The present value of given amount.

Introduction:

Present value is the discounted value to be invested or deposited today to achieve a particular amount in the future. The present value is the current value of the money which is calculated pre-interest and pre-inflation.

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