Find the present value of $5325.00 to be received in one period if the rate is 6.50%.
A) $5,000.00
B) $5,071.43
C) $5,671.13
D) $5,591.25

Name: Find the present value of $5325.00 to be received in one period if the rate is 6.50%. A) $5,000.00 B) $5,071.43 C) $5,671.13 D) $5,591.25
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Question

Quizplus · Accepted Answer

The present value (PV) is calculated using the formula: PV = FV / (1 + r), where FV is the future value ($5325), and r is the interest rate (6.50% or 0.065). So, PV = 5325 / 1.065 = $5,000.00.

Find the Present Value of $5325