What is the present value of a $100 payment due in 10 years at 1%?  At 10%?  At 15%?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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What is the present value of a $100 payment due in 10 years at 1%?  At 10%?  At 15%?

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Step 1

Present Value = Future Value / (1+r)^n
Where,
r = rate of interest per period
n = no. of compounding period

 

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