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What is the present value of an asset that yields $1,500 in five years and $3,000 in 10 years if the discount rate is 8%

What is the present value of an asset that yields $1,500 in five years and $3,000 in 10 years if the discount rate is 8%
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3 votes
What is the present value of an asset that yields $1,500 in five years and $3,000 in 10 years if the discount rate is 8%

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User Steve Hart
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7.6k points

1 Answer

6 votes
I believe the present value would be $1,389.58
answered
User TrialAndError
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8.5k points
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