Calculating Present Value of $5,800
Calculate the present value of $5,800 received at the end of year 1, $6,400 received at the end of year 2, and $8,700 at the end of year 3, assuming an opportunity cost of 13 percent. Show work.
PV = ?
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To calculate present value, we need a present value table. We then need to look at the ...
Solution Summary
The solution calculates the present value.
$2.19