A Find the Present Value of an Income Stream of $1000

question 38

Short Answer

A. Find the present value of an income stream of $1000 per year for a period of 5 years if the interest rate is 8%. Round to the nearest dollar.
B. Find the future value of this income stream. Round to the nearest dollar.

---

Definitions:

Control Process

A systematic approach that involves setting standards, measuring actual performance, and taking corrective actions to ensure achievement of an organization’s objectives.

Control Equation

Need for Action = Desired Performance - Actual Performance.

Control Process

A systematic approach to managing and monitoring activities to ensure they meet the goals and standards of the organization.

Market Control

The ability of a single entity or a few entities to significantly influence the conditions or terms in a particular market.