Barkley Company will receive £300,000 in a future year. If the future receipt is discounted at an interest rate of 8%, its present value is £189,051. In how many years is the £300,000 received?
A) 5 years
B) 6 years
C) 7 years
D) 8 years

Question

Quizplus · Accepted Answer

The Answer of Barkley Company will receive £300,000 in a future year. If the future receipt is discounted at an interest rate of 8%, its present value is £189,051. In how many years is the £300,000 received?
A) 5 years
B) 6 years
C) 7 years
D) 8 years

Barkley Company Will Receive £300,000 in a Future Year