What is the present value of $10,000 that is to be received in 9 years, if the discount rate is 7% APR compounded annually? A) 5439 B) 5568 C) 5584 D) 5775
What is the present value of $10,000 that is to be received in 9 years, if the discount rate is 7% APR compounded annually? A) 5439 B) 5568 C) 5584 D) 5775
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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What is the present value of $10,000 that is to be received in 9 years, if the discount rate is 7% APR compounded annually?
A) 5439
B) 5568
C) 5584
D) 5775
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