Final answer:
The present value of $300 due in 1 year at a discount rate of 5% is $285.71.
Step-by-step explanation:
The present value of $300 due in 1 year at a discount rate of 5% can be calculated using the present value formula. The formula is:
Present Value = Future Value / (1 + Discount Rate) ^ Number of Periods
Using this formula, the present value is:
Present Value = $300 / (1 + 0.05) ^ 1 = $285.71
Therefore, the present value of $300 due in 1 year at a discount rate of 5% is $285.71.