Question #267706

Determine the present value value of $1,000 receive in 10 years at annual rate of 10%?


1
Expert's answer
2021-11-18T17:34:44-0500

PV=FV/(1+r)n=1000/(1+0.1)10=$385.54PV=FV/(1+r)^n=1000/(1+0.1)^{10}=\$385.54


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