The present value factor for determining the present value of $6,300 to be received three years from today at 10% interest compounded semiannually is 0.7462. (^PV^of^$1, ^FV^of^$1, ^PVA^of^$1, and ^FVA^of^$1) (Use appropriate factor(s) from the tables provided.)

Question

Quizplus · Accepted Answer

The present value factor is given as 0.7462, which means that the present value of $6,300 to be received three years from today at 10% interest compounded semiannually is:

PV = 0.7462 x $6,300 = $4,696.26

This is the correct present value based on the given information.

The Present Value Factor for Determining the Present Value of $6,300