If the interest rate is 20 percent, the present value of $10,000 to be received 20 years from today is about

Name: If the interest rate is 20 percent, the present value of $10,000 to be received 20 years from today is about
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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. Plugging in the values: PV = $10,000 / (1 + 0.20)^20, which equals approximately $261.

If the Interest Rate Is 20 Percent, the Present Value