What is the present value for an investment
Question: 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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What are the total fees earned by the FI at the end of the year, that is, in future value terms? Assume the cost of capital for the FI is 6%
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