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5 find the present value of $7,000 to be received one year from now, assuming a 3 percent annual discount interest rate. also calculate the present value if the $7,000 is receiv…

5 find the present value of $7,000 to be received one year from now, assuming a 3 percent annual discount interest rate. also calculate the present value if the $7,000 is receiv…
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5 find the present value of $7,000 to be received one year from now, assuming a 3 percent annual discount interest rate. also calculate the present value if the $7,000 is received after two years.

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User Adam Dobrawy
by
8.4k points

1 Answer

2 votes
one year

7000×1.03^1 = $7210.00

two year

7000×1.03^2 = $7426.30
answered
User Trevor Hickey
by
7.4k points
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