An investment will pay you $23,000 in 6 years. The appropriate discount rate is 8 percent...

Question

Question

Answer 1

Answer #1

C. $14,232.77

PV = FV / (1 + r)^t

PV = $23,000 / [(1 + 0.08 / 365)⁶⁽³⁶⁵⁾] = $14,232.77

Answer 2

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