An investment will pay you $58,000 in seven years. If the appropriate discount rate is 10 percent

Question:

An investment will pay you $58,000 in seven years. If the appropriate is 10 percent compounded daily, what is the present value?
Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...