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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Make an attempt to calculate the present value of your future income.

To determine

Calculate the present value of future income.

Explanation

The present value (PV) can be calculated using the formula given below:

PV=An(1+i)n &

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