Question
what is the present value of $2500 per year for 9 years discounted back to the present at 11 percent?
Answers
Mia
P=FV/(1+.11)^9
P=2500/(1.11)^9
P=$977.31
P=2500/(1.11)^9
P=$977.31
James
That answer is way off, grow up!