Asked by Anonymous
Determine the present value (PV) now of an investment of $3,000 made one year from now and an additional $3,000 made two years from now if the annual discount rate is 4 percent.
Answers
Answered by
Reiny
PV = 3000(1.04)^-1 + 3000(1.04)^-2
= ...
= ...
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