Question

Compute the present value of a $2000 deposit in year 1 and another 1500 deposit at the end of year 3 if interest rates are 10 percent

Answer 1

• deposit in year 1 = $2,000
• deposit in year 3 = $1,500
• Interest rate, r = 10% = 0.1

answer - $2,945.15!

hope this helps!!!