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Answer to Question #267706 in Financial Math for Yanyan

Question #267706

Determine the present value value of $1,000 receive in 10 years at annual rate of 10%?


1
Expert's answer
2021-11-18T17:34:44-0500

"PV=FV\/(1+r)^n=1000\/(1+0.1)^{10}=\\$385.54"


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