benson4937 benson4937

21-04-2020
Business

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What is the present value of $200 to be received 10 years from now using a 7% discount rate?

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zoey2227 zoey2227

21-04-2020

$102 if I understood the question properly!

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Sally2020 Sally2020

21-04-2020

Answer:

$117.65

Explanation:

P=S/(1+rt)

P=200/(1+0.07x10)

P=$117.65

Answer Link

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