Asked by Therese
What is the present value of $10,000 paid out at the beginning of each of the next two years using an interest rate of 10%?
Answers
Answered by
Reiny
So the first payment of $10 000 is right now??
present value = 10000 + 10000(1.1)^-1
present value = 10000 + 10000(1.1)^-1
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