Answered: Suppose that one year from now you…

Suppose that one year from now you receive $620. What is it worth today if the discount rate is 2% (round to 2 decimal places, do not include the $)?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 4QTD

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Present value

Suppose that one year from now you receive
$620. What is it worth today if the discount rate
is 2% (round to 2 decimal places, do not
include the $)?

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