Given that Is = 3,750, r = 2 1/2 % and t = 3 years, what is the principa

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 5PROB
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5. Given that Is = 3,750, r = 2 1/2 % and t = 3 years, what is the principal
or present value?
Transcribed Image Text:5. Given that Is = 3,750, r = 2 1/2 % and t = 3 years, what is the principal or present value?
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