We need to calculate the present value (the value at time period 0) of receiving a single
Fantastic news! We've Found the answer you've been seeking!
Question:
We need to calculate the present value (the value at time period 0) of receiving a single amount of $1,000 in 20 years. The interest rate for discounting the future amount is estimated at 10% per year compounded annually.
The following timeline depicts the information we know, along with the unknown component (PV):
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Posted Date: