Question
What is the present value of $5,000 received: a. Twenty years from today when the interest rate is 8% per year? b.Ten years from today
What is the present value of $5,000 received:
a. Twenty years from today when the interest rate is 8% per year?
b.Ten years from today when the interest rate is 8% per year?
c.Five years from today when the interest rate is 8% per year?
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a. Twenty years from today when the interest rate is 8% per year?The present value of $5,000 received 20 years from today when the interest rate is 8% per year is $____. (Round to the nearest dollar.)
b.Ten years from today when the interest rate is 8% per year? The present value of $5,000 received 10 years from today when the interest rate is 8% per year is $______. (Round to the nearest dollar.)
c. Five years from today when the interest rate is 8% per year? The present value of $5,000 received 5 years from today when the interest rate is 8% per year is $____.(Round to the nearest dollar.)
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