Calculate the present value of an investment
Problem: An investment will pay you $45,000 in 6 years. If the appropriate discount rate is 8% compounded daily, what is the present value?Solve using a spreadsheet.
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An investment will pay you $45,000 in 6 years. If the appropriate discount rate is 8% compounded daily, what is the present value?
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Have you ever daydreamed about receiving a $1 million check? How would you invest it?
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