The equation $\$ 621 = \$ 1,000 \times \frac { 1 } { ( 1 + 0.10 ) ^ { 5 } }$
means that you would prefer receiving $621 today rather than $1,000 in five years.

Name: The equation $\$ 621 = \$ 1,000 \times \frac { 1 } { ( 1 + 0.10 ) ^ { 5 } }$ means that you would prefer receiving $621 today rather than $1,000 in five years.
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Question

The equation $\$ 621 = \$ 1,000 \times \frac { 1 } { ( 1 + 0.10 ) ^ { 5 } }$ 
means that you would prefer receiving $621 today rather than $1,000 in five years.

Quizplus · Accepted Answer

The Answer of The equation $\$ 621 = \$ 1,000 \times \frac { 1 } { ( 1 + 0.10 ) ^ { 5 } }$ 
means that you would prefer receiving $621 today rather than $1,000 in five years.

The Equation $621=$1,000×1(1+0.10)5\$ 621 = \$ 1,000 \times \frac { 1 } { ( 1 + 0.10 ) ^ { 5 } }$621=$1,000×(1+0.10)51​

The Equation $\$ 621 = \$ 1,000 \times \frac { 1 } { ( 1 + 0.10 ) ^ { 5 } }$