What is the present value of 82,308 received 5 years
from today assuming quarterly compounding and a discount rate of
6.5 percent?
Provide answer with 2 decimals
*** ENTER AS A POSITIVE NUMBER ***
Ans $ 59625.34
FV = | Future Value |
PV = | Present Value |
r = | rate of interest |
n= | no of period |
PV = | FV/ (1 + r )^n |
PV = | 82308 / ((1 + 6.5%/4)^20) |
PV = | 59625.34 |
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