Maddy works at Burgers R Us. Her boss tells her that if she stays with the company

Question:

Maddy works at Burgers R Us. Her boss tells her that if she stays with the company for five years, she will receive a bonus of $6,000. With an annual of 8%, calculate the value today of receiving $6,000 in five years.

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...