4. What is the present value of $1,000,000 to be received in 35
years if the...
70.2K
Verified Solution
Link Copied!
Question
Accounting
4. What is the present value of $1,000,000 to be received in 35years if the average rate of interest over the 35 years is 2.5%?Interpret your result. Make sure to show your work.
Answer & Explanation
Solved by verified expert
4.4 Ratings (816 Votes)
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
