Present value for annual compound interest
Problem: What would be the present value of receiving $100, $200, $300, at the end of 1, 2, 3 years respectively at 8% annual compound interest.Do not use MS Excel or present value tables.Please provide formulas/calculations for your response.
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What would be the present value of receiving $100, $200, $300, at the end of 1, 2, 3 years respectively at 8% annual compound interest.
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