maysoulchild maysoulchild

26-10-2021
Mathematics

contestada

what is the present value of $6,000 to be received at the end of 6 years if the discount is 12%

Respuesta :

OnMySky OnMySky

26-10-2021

Future value = FV = $6000

Time period = n = 8

interest rate = r = 12%

Present value (PV) is calculated using the formula:

PV = FV/(1+r)n

Present Value = PV = 6000/(1+12%)8 = 6000/1.128 = 2423.299368

Answer -> 2,423

Answer Link

kionnajackson55 kionnajackson55

26-10-2021

Answer:

$3,039.79

Step-by-step explanation:

Answer Link

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