KCase6081 KCase6081

09-02-2018
Business

contestada

5 find the present value of $7,000 to be received one year from now, assuming a 3 percent annual discount interest rate. also calculate the present value if the $7,000 is received after two years.

Respuesta :

manandhanteja manandhanteja

11-02-2018

one year

7000×1.03^1 = $7210.00

two year

7000×1.03^2 = $7426.30

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