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Greme smith has to receive 200000 five years from now and

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Time Value of Money

Question:

Greme Smith has to receive $200,000 five years from now and $100,000 seven years from now from an investment he has made. The nominal rate of interest prevailing is 12% per annum. Calculate the aggregate present value of both future cash flows for Mr. Smith.

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Business Management: Greme smith has to receive 200000 five years from now and

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Business Management: Greme smith has to receive 200000 five years from now and

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