Samuel is trying to determine what it's worth today to receive $10,000 in four years at a 7% interest rate.He should use a table for the:
A)Future value of $1.
B)Present value of $1.
C)Future value of an annuity of $1.
D)Present value of an annuity of $1.

Question

Quizplus · Accepted Answer

Samuel should use the present value of $1 table to determine the current worth of a single future sum of money, which is $10,000 in this case, to be received in four years at a 7% interest rate.

Samuel Is Trying to Determine What It's Worth Today to Receive