Problem

The present value of $$ 100000$ in 10 years' time if the discounting rate is $6 %$ compounded annualiy is:

Answer

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Answer

PV = $$ 55839.6289$

Steps

Step 1 ：PV = $\frac{F V}{(1 + r)^{n}}$

Step 2 ：PV = $\frac{100000}{(1 + 0.06)^{10}}$

Step 3 ：PV = $$ 55839.6289$

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