What is the present value of $200 one year from now when the interest rate is 6 percent?

Name: What is the present value of $200 one year from now when the interest rate is 6 percent?
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Question

Quizplus · Accepted Answer

The present value (PV) is calculated using the formula PV = FV / (1 + r)^n, where FV is the future value, r is the interest rate, and n is the number of periods. For $200 one year from now at 6%, PV = 200 / (1 + 0.06)^1 = $188.68.

What Is the Present Value of $200 One Year from Now