Lisa has the opportunity to receive $15,000 in 2 years. Assume the annual interest rate is...

Question

Question

Lisa has the opportunity to receive $15,000 in 2 years. Assume the annual interest rate is 6%, what is the present value? $15

Answer 1

Answer #1

PV = Future Value / (1 + r)ⁿ

= $15,000 / (1 + 0.06)²

= $15,000 / 1.1236

= $13,349.95, or $13,350

So, 2nd option is correct.

Answer 2

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