Using a discount rate of 6.5 percent, calculate the present value of a $1,000 payment to be

Question:

Using a of 6.5 percent, calculate the present value of a $1,000 payment to be received at the end of
a. One year
b. Two years
c. Three years

Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...