Jason has a loan that requires a single payment of $4,200 at the end of 5 years. The loan's interest rate is 10%, compounded semiannually. How much did Jason borrow? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

$4,004.40

$4,200.00

$2,888.40

$2,578.38

If we want to know the value of present-day assets at a future date, we can use:

Present value computations.

Annuity computations.

Earnings computations.

Future value computations.