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Calculate the Present Value of $5,800 Received at the End

Question 69

Essay

Calculate the present value of $5,800 received at the end of year 1, $6,400 received at the end of year 2, and $8,700 at the end of year 3, assuming an opportunity cost of 13 percent.

Correct Answer:

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PV = 5,800(1.13)-1 + 6...

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