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svetlana [45]
3 years ago
15

determine the present value of 15000 is to be received at the end of eight years and the discount rate is 9%

Business
1 answer:
EastWind [94]3 years ago
6 0

Answer:

PV= $7,528

Explanation:

Giving the following information:

Future value= $15,000

Number of periods= 8 years

Interest rate= 9% compounded annually

<u>To calculate the present value, we need to use the following formula:</u>

PV= FV/(1+i)^n

PV= 15,000/(1.09^8)

PV= $7,528

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Answer:

The infant industry argument says that Question 7 options:

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Explanation:

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