Define interest period for computing present worth values

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Reference no: EM13219897

Using a combined interest rate per interest period (d) for computing present worth values (PW). What is the present worth of the $1,000,000.00. if the formula for d is d = i + f + (i × f) and the inflation rate (f)=2.3% and the interest rate (i) is still 6%?

Reference no: EM13219897

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