The present value of $500 to be received 7 years from now at an interest rate of 8percent is ? . The present value of $500 to be received at the end of each year for seven years at adiscount rate of 8 percent is ? .
The present value of $500 to be received 7 years from now at an interest rate of 8percent is ? . The present value of $500 to be received at the end of each year for seven years at adiscount rate of 8 percent is ? .
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 7P
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The present value of $500 to be received 7 years from now at an interest rate of 8
percent is ? .
The present value of $500 to be received at the end of each year for seven years at a
discount rate of 8 percent is ? .
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