Solved: Determine the value of that sum today, Finance Basics

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Determine the value of that sum today

Problem:

You are to receive $12,000 at the end of 5 years. The available yield on investments is 6%. Which table would you use to determine the value of that sum today?

Present value of an annuity of $1
Future value of an annuity
Present value of $1
Future value of $1

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Finance Basics: Determine the value of that sum today

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Finance Basics: Determine the value of that sum today

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