On January 19, 2023 the future value of a sum of money will be $80,800. What would be the present value of this sum of money on August 1, 2020, if the interest rate is 2.31% compounded annually. (1year = 365days) Round the value for PV to two decimal places. P/Y = PV = $ C/Y = PMT = $ DBD = FV = $ days I/Y = %

On January 19, 2023 the future value of a sum of money will be $80,800. What would be the present value of this sum of money on August 1, 2020, if the interest rate is 2.31% compounded annually. (1year = 365days) Round the value for PV to two decimal places. P/Y = PV = $ C/Y = PMT = $ DBD = FV = $ days I/Y = %

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 3CE

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