The present value of $5,000 to be received in 4 years at a market rate of interest of 6% compounded annually is $3,636.30.Use the following table,if needed.

Name: The present value of $5,000 to be received in 4 years at a market rate of interest of 6% compounded annually is $3,636.30.Use the following table,if needed.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

The present value of $5,000 to be received in 4 years at a market rate of interest of 6% compounded annually is $3,636.30.Use the following table,if needed.
​

Quizplus · Accepted Answer

The present value of $5,000 to be received in 4 years at a market rate of interest of 6% compounded annually should be $4,230.32, not $3,636.30. Therefore, the statement is false.

The Present Value of $5,000 to Be Received in 4