Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
-What is the approximate present value of $500 to be received in 1 year if interest is 8 percent compounded annually?

Name: Use the present value and future value tables included in Appendix 8 and on the textbook companion website. -What is the approximate present value of $500 to be received in 1 year if interest is 8 percent compounded annually?
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Question

Use the present value and future value tables included in Appendix 8 and on the textbook companion website. 
-What is the approximate present value of $500 to be received in 1 year if interest is 8 percent compounded annually?

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The Answer is D

Use the Present Value and Future Value Tables Included in Appendix