Present value of the future payoff
You invest $1,800 today and expect to sell your investment for $3,600 in 9 years.
a) Calculate the present value of the future payoff, if the discount rate is 5%.
b) Calculate the present value, if the discount rate is 6%
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Calculate the present value of the future payoff, if the discount rate is 5%. Calculate the present value, if the discount rate is 6%
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