Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / What would be the present value of $1000 received three years from today if the discount rate is 12%
What would be the present value of $1000 received three years from today if the discount rate is 12%.
|
$826.52 |
|
|
$711.78 |
|
|
$900 exactly |
|
|
$1,000 |
Present value=1000*Present value of discounting factor(rate%,time period)
=1000/1.12^3
=1000*0.711780248
=$711.78(Approx)
