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Given below are the present value factors for $1.00 discounted at 9% for one to five periods. Interest is compounded annually at 9%. Periods Present
Given below are the present value factors for $1.00 discounted at 9% for one to five periods. Interest is compounded annually at 9%.
Periods | Present Value of $1 Discounted at 9% per Period | |
1 | 0.917 | |
2 | 0.842 | |
3 | 0.772 | |
4 | 0.708 | |
5 | 0.650 |
What amount should be deposited in a bank today to grow to $13000 three years from today?
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