ind the present value of a payment §200 at the end of 5th year under theforce of interest 9.00% per annum.
Question
Solution 1
To find the present value of a future payment, we use the formula for present value which is:
PV = FV / (1 + r)^n
where:
- PV is the present value
- FV is the future value
- r is the interest rate
- n is the number of periods
In this case, the future value (FV) is $200, the interest rate (r) is 9 Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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