Question
Present Value answers the question of: how much do we have to invest today at given interest rate to reach a pre-desired sum in the
Present Value answers the question of: how much do we have to invest today at given interest rate to reach a pre-desired sum in the future?
A)So if you wanted to buy $1000 worth of textbooks in one year and would earn 9% on your money, how much would you have to invest today to have $1000 in one year?
B) What about if you only needed $500 to buy books in one year (still at 9%)? Would it be half?
C)What if you wanted to buy $1000 worth of textbooks in one year but could only earn 4.5 % on your money, how much would you have to invest?
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Investing In Cryptocurrency For Dummies
Authors: Kiana Danial
1st Edition
1394200838, 978-1394200832
