Using a discount rate of 14 percent, the present value of a $10,000 benefit received five years from now is $5,500.49
Indicate whether the statement is true or false
FALSE
Explanation: PV1 = $10,000 * 1/(1+.14)5 = $10,000 * .620921323 = FV1= $ $5,193.687
CL
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