Compute the present value of a $6,000 deposit in year 3, and another $5,500 deposit at the end of year 6 using an 9 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.) PRESENT VALUE?
Compute the present value of a $6,000 deposit in year 3, and another $5,500 deposit at the end of year 6 using an 9 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.) PRESENT VALUE?
Accounting
27th Edition
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Chapter14: Long-term Liabilities: Bonds And Notes
Section: Chapter Questions
Problem 14.20EX
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Compute the present value of a $6,000 deposit in year 3, and another $5,500 deposit at the end of year 6 using an 9 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
PRESENT VALUE?
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