Trusted by Students Everywhere
Why Choose Us?
0% AI Guarantee
Human-written only.
24/7 Support
Anytime, anywhere.
Plagiarism Free
100% Original.
Expert Tutors
Masters & PhDs.
100% Confidential
Your privacy matters.
On-Time Delivery
Never miss a deadline.
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 |
Expert Solution
Present value=1000*Present value of discounting factor(rate%,time period)
=1000/1.12^3
=1000*0.711780248
=$711.78(Approx)
Archived Solution
Unlocked Solution
You have full access to this solution. To save a copy with all formatting and attachments, use the button below.
Already a member? Sign In
Important Note:
This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.
For ready-to-submit work, please order a fresh solution below.
For ready-to-submit work, please order a fresh solution below.
Or get 100% fresh solution
Get Custom Quote
