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What is the present value​ (PV) of $ 60000 received eighteen years from​ now, assuming the...

What is the present value​ (PV) of $ 60000 received eighteen years from​ now, assuming the interest rate is 6​% per​ year?

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Answer #1

Ans $ 21020.63

FV = Future Value
PV = Present Value
r = rate of interest
n= no of period
PV = FV/ (1 + r )^n
PV = 60000 / ((1 + 6%)^18)
PV = 21020.63
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