Find the Present Value (today) of $144 to be received in two years at the interest rate of 15%.

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: The Basic Tools Of Finance
Section9.1: Present Value: Measuring The Time Value Of Money
Problem 1QQ
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1. Find the Present Value (today) of $144 to be received in two years at the interest rate of 15%.

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