Question: Four years from now you will receive a single payment of $3,000 .What is the present value if the discount rate is 5.3% ? Round
Four years from now you will receive a single payment of $3,000 .What is the present value if the discount rate is 5.3% ?
Round your answer to the nearest penny (two decimal points)
Step by Step Solution
There are 3 Steps involved in it
To calculate the present value of a future payment we need to disc... View full answer
Get step-by-step solutions from verified subject matter experts
