Question: 4. Determine Present Value Compounded Annually You can go backwards too. I will give you $1000 in 5 years. How much money should you give

4. Determine Present Value Compounded Annually You can go backwards too. I will give you $1000 in 5 years. How much money should you give me now to make it fair to me. You think a good interest rate would be 6% (You just made that number up). (i=.06) O.K. so you give me $ 747.38 today and in 5 years I'll give you $1000. Sound fair?? You will get 6% interest on your money. MacBook AS 0 80 14 FI & # % OD # $ 4 9 0 i 7 6 2 3 a 0 Y U Q W R. E J H S F A D N. M B V c Z OLD

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