Present value for given annual interest rate
Question: What is the present value of $800 to be received at the end of eight years, assuming the following annual interest rate?
a. 4 percent, discounted annually
b. 8 percent, discounted annually
c. 20 percent, discounted quarterly
d. 0 percent
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What is the present value of $800 to be received at the end of eight years, assuming the following annual interest rate?
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