Compute the present value of $200,000 to be received 7 years from today if the annual interest rate is 8% compounded annually. (Use the present value tables with six decimal places at the end of your Unit 5 notes. Round your answer to the nearest whole dollar. Do not include the $ sign in your answer.)
Compute the present value of $200,000 to be received 7 years from today if the annual interest rate is 8% compounded annually. (Use the present value tables with six decimal places at the end of your Unit 5 notes. Round your answer to the nearest whole dollar. Do not include the $ sign in your answer.)
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter4: Managing Your Cash And Savings
Section: Chapter Questions
Problem 7FPE: Calculating interest earned and future value of savings account. If you put 6,000 in a savings...
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Compute the present value of $200,000 to be received 7 years from today if the annual interest rate is 8% compounded annually. (Use the present value tables with six decimal places at the end of your Unit 5 notes. Round your answer to the nearest whole dollar. Do not include the $ sign in your answer.)
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