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QUESTION
mordic company will receive $100,000 in 7 years.
mordic company will receive $100,000 in 7 years. If the appropriate interest rate is 10%, the present value of the $100,000 receipt is
Nordica Company will receive $100,000 in 7 years. If the appropriate interest rate is 10%, the present value of the $100,000 receipt isSolution:We have n = 7, I = 10% and FV = $100,000PV of...