What is the present value of $500 to be received 10.5 years from today when the annual discount rate is 8%?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 7P
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What is the present value of $500 to be received 10.5 years from today when the annual discount rate is 8%?

What is the present value of $2,000 to be received 2 years from today when the annual discount rate is 10%?

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