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30 March, 05:06

7 determine the present value if $15,000 is to be received at the end of eight years and the discount rate is 9 percent. how would your answer change if you had to wait six years to receive the $15,000?

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  1. 30 March, 05:12
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    PW = 15000*1.09^-8 = $7527.99

    PW = 15000*1.09^-6 = $8944.01
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