If the single amount of $3,000 is to be received in three years and discounted at 6%, its present value is

Name: If the single amount of $3,000 is to be received in three years and discounted at 6%, its present value is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Using the present value 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 periods:

PV = 3000 / (1 + 0.06)^3 = $2,519.

If the Single Amount of $3,000 Is to Be Received