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    Calculating present value of a lump sum

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    Value of $20,000 is to be received in a year at 4% compounded annually, and im suppose to round it off.
    My answer was 800. I multiplied 20,000x4%.

    © BrainMass Inc. brainmass.com June 3, 2020, 9:25 pm ad1c9bdddf
    https://brainmass.com/business/capital-budgeting/calculating-present-value-of-a-lump-sum-180712

    Solution Summary

    The solution explains how to calculate the present value of a lump sum which is to be received in future.

    $2.19

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