determine the discount rate assuming the PV of $1080 at the end of 1 year is $980

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
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1. determine the discount rate assuming the PV of $1080 at the end of 1 year is $980

2. $9800 is deposited for 10years at 6% compounded annually, determine the FV 

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