Computing present value
Please show how answer is obtained
The present value of $20,000 (rounded to the nearest dollar) to be received two years from today, assuming an earnings rate of 12% is:a. $17,860
b. $15,940
c. $14,240
d. $12,720
Now Priced at $20 (50% Discount)
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The present value of $20,000 (rounded to the nearest dollar) to be received two years from today, assuming an earnings rate of 12% is:
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