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An investment will pay you $80,000 in 10 years. If the appropriate discount rate is 9 percent compounded daily, what is the present value?

Question

An investment will pay you $80,000 in 10 years. If the appropriate discount rate is 9 percent compounded daily, what is the present value?

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Calculation of Present value...

FV
PV
(1+r)
S80,000
PV
0.09 1365
1+
365
S80,000
3650
(1.0002456)
S32, 529.18
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FV PV (1+r) S80,000 PV 0.09 1365 1+ 365 S80,000 3650 (1.0002456) S32, 529.18

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