What is the present value of 1 to be received after two years compounded
annually at 10% interest rate?
please with explaining plz
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Step-by-step explanation:
The present value of $120 in three years, if you have alternatives that earn 10%, is actually $90.16. That is to say, the present value of $120 if your time-frame is 3 years and your discount rate is 10% is $90.16.
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