Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
31) If the single amount of $2000 is to be received in 3 years and discounted at 8%, its present value is $1899. $1669. $1889.
31) If the single amount of $2000 is to be received in 3 years and discounted at 8%, its present value is
$1899.
$1669.
$1889.
$1588.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started