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Your boss leaves you a note, asking you to determine the present value of a $90,000 payment to be made in five years assuming a discount rate of 18%. However, you misread her handwriting, and mistakenly thought the discount rate you were supposed to use was 8%. What is the dollar value of the mistake in your answer because you used the wrong discount rate?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92714831

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