Question: The present value of $ 1 , 0 0 0 to be received in 1 0 years and discounted at 9 percent is: $ 4

The present value of $1,000 to be received in 10 years and discounted at 9 percent is:
$400.02
$319.22
$476.41
$422.41
 The present value of $1,000 to be received in 10 years

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!