Present value at two years
What is the present value of $1,000 received in 2 years at a 5% annual discount rate? (in dollars, to 2 decimals)
Show hints (2)+
- PV = FV / (1 + r)^n.
- 1.05² = 1.1025.
Answer
Reveal answer →Final answer
907.03 (± 0.01)
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Asked at: IMC, Akuna Capital