Present Value of 1 Future Value of 1

question 28

True/False

Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 The present value of $2,000 to be received nine years from today at 8% interest compounded annually is $1,000.
Present Value = Future Value * Interest Factor for 9 years @8%
Present Value = $2,000 * 0.5002 = $1,000

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