ACT 3391 GSU Present Value of Obligations and Receivables Questions
TRADITIONAL HOMEWORK ITEMS – FALL 2023 – ACT 3391General Instructions for the Traditional Homework – refer to the instructions for traditional item no. 1. 17. (2 points) On 12-31-22, Acme entered into an agreement that required Acme to pay someone $25,000 on 12-31-28. Assume the appropriate market rate of interest for Acme was 5%. • As of 12-31-22, what was the present value of Acme’s […]