Question

$47,700 at 10% for 6 years​

Answer 1

$26925.41

Explanation:

To Find

Calculating present value (PV) for Year n = 0

Given

Considering Future value FV = 47,700

no of years n = 6

discount/interest rate r = 10%

​

Calculation

`Present Value =(FV)/((1+r)^n) \\Present Value =47700/{(1+0.1)}^6 \\PV =26925.41`