Tuesday
July 22, 2014

Homework Help: FINANCE 200

Posted by Rmz on Friday, December 11, 2009 at 1:11pm.

You receive $5000 three years from now. The discount rate is 8 percent.
What is the value of your investment two years from now? (Multiply 5000 by .926 (one year discount rate at 8%)

Will it be worth $9,260?

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