If the interest rate is 4 percent, the present value of $10,000 to be received one year from today is about

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Quizplus · Accepted Answer

The present value of $10,000 to be received one year from today at an interest rate of 4% is $9,615. This is because the present value is the amount of money that, if invested today at the given interest rate, would grow to $10,000 in one year. To calculate the present value, we use the formula PV = FV / (1 + r)^n, where PV is the present value, FV is the future value, r is the interest rate, and n is the number of years. In this case, PV = 10000 / (1 + 0.04)^1 = 9615.38.

If the Interest Rate Is 4 Percent, the Present Value