What is the present value of an investment that yields $3,000 to be received in 5 years and another $1,000 to be received in the sixth year if the discount rate is 6%?

a. Exactly $1,000
b. A little over $5400 dollars
c. between $2,800 and $3000
d. between $1900 and $1980 dollars

Question

27-06-2024
Business

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What is the present value of an investment that yields $3,000 to be received in 5 years and another $1,000 to be received in the sixth year if the discount rate is 6%?

a. Exactly $1,000
b. A little over $5400 dollars
c. between $2,800 and $3000
d. between $1900 and $1980 dollars

Sagot :

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