A day full of math games & activities. Find one near you.
A day full of math games & activities. Find one near you.
A day full of math games & activities. Find one near you.
A day full of math games & activities. Find one near you.
The present value of $10,000 discounted at 5% per year and received at the end of 5 years is
Solution:
Present value = $10,000
Rate of discount per year = 5% = 1 - 0.05 = 0.95
Amount received at the end of 5 years should be found
Consider the formula
Final = Original × Multipliern
Final = 10,000 × 0.955
By further calculation
Final = 7737.8093
Therefore, the amount received at the end of 5 years is $ 7737.81.
The present value of $10,000 discounted at 5% per year and received at the end of 5 years is
Summary:
The present value of $10,000 discounted at 5% per year and received at the end of 5 years is $ 7737.81.
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