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13. What is the present value of $3,000 received: a. 10 years from today when the interest rate is 10% per year? b. 20 years
13. What is the present value of $3,000 received: a. 10 years from today when the interest rate is 10% per year? b. 20 years from today when the interest rate is 8% per year? c. 5 years from today when the interest rate is 4% per year? a. 10 years from today when the interest rate is 10% per year? The present value of $3,000 received 10 years from today when the interest rate is 10% per year is $ (Round to the nearest dollar.) b. 20 years from today when the interest rate is 8% per year? The present value of $3,000 received 20 years from today when the interest rate is 8% per year is $ (Round to the nearest dollar.) c. 5 years from today when the interest rate is 4% per year? The present value of $3,000 received 5 years from today when the interest rate is 4% per year is $ (Round to the nearest dollar.)
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