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15 September, 17:21

about how much is present value of a dollar that be paid to you in three years if the interest rate is 5 percenr

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  1. 15 September, 20:09
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    The present value of a dollar would be calculated as -

    1 dollar X Present value factor of $ 1 @ 5 % for three years.

    Present value factor of $ 1 @ 5 % for three years = 0.8638

    Present value of $ 1 after 3 years = $ 1 X 0.8638 = $ 0.8638
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