What is the Present Value of $145 to be received in 5 years if the market interest rate is 8%
Added by Vickie P.
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The formula to calculate the present value is: \[ PV = \frac{FV}{(1 + r)^n} \] where: - \(PV\) = Present Value - \(FV\) = Future Value - \(r\) = market interest rate (as a decimal) - \(n\) = number of years until payment Show more…
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