The present value of a $100 deposit in 10 years at 10% is $38.55.

Name: The present value of a $100 deposit in 10 years at 10% is $38.55.
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Quizplus · Accepted Answer

The present value (PV) of a future amount can be calculated using the formula PV = FV / (1 + r)^n, where FV is the future value, r is the annual interest rate, and n is the number of years. Plugging in the values ($100, 10%, 10 years) gives PV = $100 / (1 + 0.10)^10 ≈ $38.55.

The Present Value of a $100 Deposit in 10 Years