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The answer to this solution is listed below. Can you please translate the answer to this solution using a financial calculator. Example: fv, n, i/y,

The answer to this solution is listed below. Can you please translate the answer to this solution using a financial calculator. Example: fv, n, i/y, pv, PMT etc.

You will be receiving $8,769 one year from now. What is the present value of this amount at a discount rate of 11.65 percent?

PV = FV/(1+r)

= 8769/ (1.1165)

= 7854.00806

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