What is the present value of $6,000 to be received at the end of 8 years...
Homework Answers
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
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What is the present value of $6,000 to be received at the end of 8
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