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Use the following 1 0 % present value factors: N = 1 : 0 . 9 0 9 1 N = 2 : 0 .

Use the following 10% present value factors: N =1: 0.9091 N =2: 0.8264 N =3: 0.7513 Assume you wish to receive $1,000 at the end of two years. Assuming an interest rate of 10% what amount would you need to deposit today in order to receive the $1,000? Round to the nearest penny if necessary.

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