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Use the present value formula to answer the following questions. If you can earn 5% on your investments and you would like to receive $1,000
- Use the present value formula to answer the following questions.
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- If you can earn 5% on your investments and you would like to receive $1,000 at the end of 1 year, how much would you have to invest today?
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- If you can earn 5% on your investments and you would like to receive $1000 at the end of 2 years, how much would you have to invest today?
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- If you can earn 5% on your investments and you would like to receive $1000 at the end of 3 years, how much would you have to invest today?
- If you can earn 5% on your investments and you would like to receive $1,000 at the end of 1 year, how much would you have to invest today?
- If you can earn 5% on your investments and you would like to receive $1000 at the end of 2 years, how much would you have to invest today?
- If you can earn 5% on your investments and you would like to receive $1000 at the end of 3 years, how much would you have to invest today?
- What happens to the present value of our investment as time increases?
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