You have just celebrated your birthday. Your uncle, has set up a trust fund for you, which will pay you Ghc150,000 when you turn 30 years. If the relevant discount rate is 9%, how much is this fund worth today?
You have just celebrated your birthday. Your uncle, has set up a trust fund for you, which will pay you Ghc150,000 when you turn 30 years. If the relevant discount rate is 9%, how much is this fund worth today?
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 13E
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You have just celebrated your birthday. Your uncle, has set up a trust fund for
you, which will pay you Ghc150,000 when you turn 30 years. If the relevant
discount rate is 9%, how much is this fund worth today?
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