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VestCo expects to collect $65,000 2 years from today. Assuming an 8% required rate of return the present value of the $65,000 future collection is

VestCo expects to collect $65,000 2 years from today. Assuming an 8% required rate of return the present value of the $65,000 future collection is (Use the PV of $1 table)

Note: Round your answer to the nearest whole dollar.

Multiple Choice

$65,000.

$55,727.

the answer cannot be determined from the information provided

Present Value of \$1

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