If the market rate of interest is 6 percent, what is the present discounted value of $1,000 that will be paid in

The formula for percent discount value after n years at the rate r is given by

pdv=fv / (1+r) ^n

where fv is the fixed value

here only fixed value is given to us so we will calculate the discounted value for coming 10 years

after

year 1=943.4

2=890

3=839.62

4=739.09

5=747.26

6=704.96

7=665.06

8=627.41

9=591.90

10=558.39