What is the dollar value of the mistake in your answer


Your boss leaves you a note, asking you to determine the present value of a $90,000 payment to be made in five years assuming a discount rate of 18%. However, you misread her handwriting, and mistakenly thought the discount rate you were supposed to use was 8%. What is the dollar value of the mistake in your answer because you used the wrong discount rate?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the dollar value of the mistake in your answer
Reference No:- TGS02681975

Expected delivery within 24 Hours