Question

What is the present value of 82,308 received 5 years from today assuming quarterly compounding and...

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 ***

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Answer #1

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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