True/False
Present Value of 1 Future Value of 1
Present Value of an Annuity of 1
Future Value of an Annuity of 1
The present value of $2,000 to be received nine years from today at 8% interest compounded annually is $1,000.
Present Value = Future Value * Interest Factor for 9 years @8%
Present Value = $2,000 * 0.5002 = $1,000
Correct Answer:
Verified
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