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An investment will pay you $90,000 in three years. Assume the appropriate discount rate is 6.00 percent compounded daily. Required: What is the present value?
An investment will pay you $90,000 in three years. Assume the appropriate discount rate is 6.00 percent compounded daily. |
Required: |
What is the present value? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Use 365 days in a year. Round your answer to 2 decimal places (e.g., 32.16).) |
Present value | $ |
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