Answer
$530,000 × 0.46319 = $245,491
Tuesday 4 December 2018
What is the present value of $530,000 to be paid in 10 years? The annual interest rate is 8%.
What is the present value of $530,000 to be paid in 10 years? The annual interest rate is 8%. (FV of $1, PV of $1, FVA of $1, and PVA of $1)(Use the appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.)
Answer
$530,000 × 0.46319 = $245,491
Answer
$530,000 × 0.46319 = $245,491
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