Your job is on the cash register at the check-out counter. an impatient customer jumps ahead of several customers already waitin
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<h2>The present value of PV in this case is $527.76 approximately.</h2>Explanation:
The mathematical or accounting formula of Present Value(PV)= where FV denotes the future cash payment to be made,r represents the discount rate and n is the number of years in which the future payment has to made.Here,the future cash payment of FV is given as $1350,the discount rate is 11% or 0.11 and the number of years in which the FV has to be paid is 9 years.
Hence,PV in this case= approximately
Therefore,based on the information given the PV in this case is $527.76 approximately.