Hello, my classmate told me about your website. I have very simple question regarding finance:
Question: Compute the present value of a $100 cash flow for the following combinations of discount rates and times:
a: r = 8% ; t = 10 years
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Hello, my classmate told me about your website. I have very simple question regarding finance:
Question: Compute the present value of a $100 cash flow for the following combinations of discount rates and times:
a: r = 8% ; t = 10 years
100/(1.08)^10=46.32
Liz, if you are using Excel I calculated it like this
PV=(8%,10,100), this should calculate the answer and will help you with remainder of homework.
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