What is the present value of the following future amounts? a. $805 to be received 10 years
Question:
What is the present value of the following future amounts?
a. $805 to be received 10 years from now discounted back to the present at 10 percent
b. $376 to be received 5 years from now discounted back to the present at 5 percent
c. $1,203 to be received 8 years from now discounted back to the present at 4 percent
d. $1,203 to be received 8 years from now discounted back to the present at 12 percent
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Step by Step Answer:
To calculate the present value of future amounts we use the formula Present Value Future ...View the full answer
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Related Book For 
Foundations Of Finance
ISBN: 9781292318738
10th Global Edition
Authors: Arthur Keown, John Martin, J. Petty
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