Given below are the present value factors for $1.00 discounted at 10% for one to five periods. Each of the items 52 to 55 is based on 10% interest compounded annually.
-What amount should be deposited in a bank today to grow to $3,000 three years from today?
A)$3,000 ÷ 0.751
B)$3,000 × 0.909 × 3
C)($3,000 × 0.909) + ($3,000 × 0.826) + ($3,000 × 0.751)
D)$3,000 × 0.751

Question

Given below are the present value factors for $1.00 discounted at 10% for one to five periods. Each of the items 52 to 55 is based on 10% interest compounded annually. 
-What amount should be deposited in a bank today to grow to $3,000 three years from today?
A)$3,000 ÷ 0.751 
B)$3,000 × 0.909 × 3 
C)($3,000 × 0.909) + ($3,000 × 0.826) + ($3,000 × 0.751) 
D)$3,000 × 0.751

Quizplus · Accepted Answer

The Answer of Given below are the present value factors for $1.00 discounted at 10% for one to five periods. Each of the items 52 to 55 is based on 10% interest compounded annually. 
-What amount should be deposited in a bank today to grow to $3,000 three years from today?
A)$3,000 ÷ 0.751 
B)$3,000 × 0.909 × 3 
C)($3,000 × 0.909) + ($3,000 × 0.826) + ($3,000 × 0.751) 
D)$3,000 × 0.751

Given Below Are the Present Value Factors for $1