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Assume that you will receive $2500 at the end of 6 years and want to know the present value (PV) of that future sum. Assuming
Assume that you will receive $2500 at the end of 6 years and want to know the present value (PV) of that future sum. Assuming a positive interest rate (required rate of return), which of the following is a possible number for the present value of the $2500? Even without knowing the interest rate, it is possible to answer this question. A. $2742.53 B. $2632.45 C. $1967.25 D. $2572.50 E. None of the above is a possible number.
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