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You invest $1,900 today and expect to sell your investment for $3,800 in 10 years. Please answer both parts 1. Calculate the present value of
You invest $1,900 today and expect to sell your investment for $3,800 in 10 years.
Please answer both parts
1. Calculate the present value of the future payoff, if the interest rate is 6%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
2.Calculate the present value, if the interest rate is 10%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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