FINANCIAL ACCT-CONNECT
8th Edition
ISBN: 9781266627903
Author: Wild
Publisher: INTER MCG
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Chapter B, Problem 8E
Summary Introduction
Concept Introduction:
Present value is the value of money today. Present value of money is calculated using the interest rate and period. The future value of money is multiplied with the present value factor to get the present value.
To calculate: the number of annual payments.
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Future value of investment
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