What Is the Present Value of $10,000 8 Years from Now

question 61

Short Answer

What is the present value of $10,000 8 years from now if the interest rate is 8%?

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Definitions:

Corporations

Legal entities that are separate and distinct from their owners, created to conduct business, can enter into contracts, loan and borrow money, sue and be sued.

Normative Economic Statement

An opinion or value judgment about what ought to be, rather than what is measurable or empirically observable.

Legal Minimum Wage

The lowest hourly, daily, or monthly remuneration that employers are legally allowed to pay their workers.

Unemployment

The situation when individuals who are capable of working and are actively seeking work are unable to find employment.