1 Answered Questions for the topic Finance, Money And Banking
Finance, Money And Banking
02/15/16
If the rate of discount is 20 percent, would you rather receive $100 today or $120 in one year?
Here is what I did
Present Value = $100 / ( 1 + I) = 100/1.20 = $83
Present Value = $120 / (1 + I) = 120/1.20 = $100
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