Discounted at 6%, $1,000 Received Three Years from Now Is

question 64

True/False

Discounted at 6%, $1,000 received three years from now is worth less than $800 received today.
PV = FV × PV_IF (App B: 3 periods, 6%)
= $1,000 × .840 = $840

---

Definitions:

Change Colors

The process of altering the colors of elements on a digital interface, such as a website or an application.

Chart Styles Group

A collection of design options in spreadsheet and charting software that allows users to customize the appearance of their charts.

Duplicate Command

A function or option in software that creates an exact copy of a selected object or text.

Clipboard

A temporary storage area for data that the user wants to copy from one place to another within or between applications.