11-22-2004, 09:18 AM
Thanks to Apocalypse for replying to me, but I do not agree with one of the formula
Present Value=120000/1.1
If you check a cumulative Present value table, 10%=0,91 for 1 year as it corresponds to 1/1.1=0.91
I might be wrong, but that's what I found in a book.
Anyone can please confirm or deny?
Thanks in avdance.
Present Value=120000/1.1
If you check a cumulative Present value table, 10%=0,91 for 1 year as it corresponds to 1/1.1=0.91
I might be wrong, but that's what I found in a book.
Anyone can please confirm or deny?
Thanks in avdance.