Present value and interest rate
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Compute the present value of $1000.00 to be received in 5 years if the interest rate is likely to be 3% over that period.
How does the present value change if the interest rate is higher than 3%? Lower?
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Compute the present value of $1000.00 to be received in 5 years if the interest rate is likely to be 3% over that period.
How does the present value change if the interest rate is higher than 3%? Lower?
Present ...
Purchase this Solution
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