What Is the Present Value of $8,000 to Be Received

question 24

Essay

What is the present value of $8,000 to be received at the end of six years, if the required rate of return is 15%?
Below is a table for the present value of $1 at compound interest.
Below is a table for the present value of an annuity of $1 at compound interest.

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Definitions:

Walmart

An American multinational retail corporation operating a chain of hypermarkets, discount department stores, and grocery stores.

Amazon

A multinational technology company primarily known for its e-commerce platform, along with its ventures in cloud computing, digital streaming, and artificial intelligence.

Subway Restaurants

A multinational fast-food chain known for its submarine sandwiches and salads, operating a large number of outlets globally.

Sandwiches

A food item typically consisting of vegetables, cheese, meat, or other fillings placed between slices of bread.