question archive What is the present value of $11,463 to be received 7 years from today? Assume a discount rate of 3
What is the present value of $11,463 to be received 7 years from today? Assume a discount rate of 3
Subject:FinancePrice:2.87 Bought7
What is the present value of $11,463 to be received 7 years from today? Assume a discount rate of 3.5% compounded annually and round to the nearest
$1.
$5,790
$6,508
$7,210
$9,010
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Answer:
Future Value (FV) = $ 11,463
Number of years = 7 years
Rate = 3.5%
PV of the amount = 11,463/(1+3.5%)^7 = 9009.81
Answer is $ 9010
