CFIN (with Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
5th Edition
ISBN: 9781305661653
Author: Scott Besley, Eugene Brigham
Publisher: Cengage Learning
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Question
Chapter 4, Problem 2PROB
Summary Introduction
Fifteen years ago, X purchased an investment for $2,500. The interest rate is 6% and current value has to be calculated.
Here,
The future value is “FV”.
The present value is “PV”.
The interest rate is “r”.
The maturity period of time period is “n”.
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Chapter 4 Solutions
CFIN (with Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
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