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Oksi-84 [34.3K]
3 years ago
10

Your uncle offers you a choice of $112,000 in 10 years or $51,000 today. Use Appendix B as an approximate answer, but calculate

your final answer using the formula and financial calculator methods. a-1. If money is discounted at 8 percent, what is the present value of the $112,000
Business
1 answer:
Ket [755]3 years ago
5 0

Answer:

the present value of the $112,000 is $51,856

Explanation:

The computation of the present value is given below:

Present Value = Amount × Present value factor at 8% for 10 years

= $112,000 × 0.463

= $51,856

hence, the present value of the $112,000 is $51,856

We simply applied the above formula so that the correct amount could come

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<h3>Who is a Resonant leaders?</h3>

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