You will receive a single payment of $2,500 5 years from now. ...

60.1K

Verified Solution

Question

Accounting

You will receive a single payment of $2,500
5 years from now.
What is the present value if the discount rate is 12.1%?
Round your answer to the nearest penny (two decimal points)
Do not use the dollar sian.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students