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What is the approximate present value of $1000 realized 2 years from now if the interest rate is 4%?* O $1040.00 O $1081.60 O $924.56 O $925.93 $961.54

What is the approximate present value of $1000 realized 2 years from now if the interest rate is 4%?* O $1040.00 O $1081.60 O $924.56 O $925.93 $961.54
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4 votes
What is the approximate present value of $1000 realized 2 years from now if the

interest rate is 4%?*
O $1040.00
O $1081.60
O $924.56
O $925.93
$961.54

asked
User Skmvasu
by
7.6k points

1 Answer

3 votes

Answer:

the first one 4% is equal to 40 dollars

Step-by-step explanation:

answered
User Joshtkling
by
8.2k points
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