Business, 23.03.2020 19:02 Marqiuse412
Compute the present value of an $1,350 payment made in nine years when the discount rate is 11 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answers: 2
where FV denotes the future cash payment to be made,r represents the discount rate and n is the number of years in which the future payment has to made.Here,the future cash payment of FV is given as $1350,the discount rate is 11% or 0.11 and the number of years in which the FV has to be paid is 9 years.
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Compute the present value of an $1,350 payment made in nine years when the discount rate is 11 perce...
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