SOLUTION: a person will receive rs.5000six years from now.what is its present value at a compounded discount rate of 8%.

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Question 257407: a person will receive rs.5000six years from now.what is its present value at a compounded discount rate of 8%.
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
p=5000/(1+.08)^5
p=5000/1.469328
p=$3403