Calculate, to the Nearest Cent, the Present Value of an Investment

question 77

Short Answer

Calculate, to the nearest cent, the present value of an investment that will be worth $2,000 after 17 years, at 4% per year, compounded annually.
​
​PV​ = $__________

---

Definitions:

Income Statement

A financial statement that shows a company's financial performance over a specific period by summarizing its revenues, expenses, and net income or loss.

Finished Goods Inventory

The total value of all completed products that are ready for sale but have not yet been sold.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.

Cost of Goods Manufactured

The total cost accrued in making products completed during an accounting period, including labor, material, and overhead costs.