Required: 1. Calculate the present value of $10,000 received at the end of 1 yea

Question

Required: 1. Calculate the present value of $10,000 received at the end of 1 year assuming that your money can be invested at 10%. (Use Microsoft Excel to calculate present values. Do not round intermediate calculations.) 2. Calculate the present value of $10,000 received at the end of 2 years assuming that your money can be invested at 10%. (Use Microsoft Excel to calculate present values. Do not round intermediate calculations.) 3. Calculate the present value of $10,000 received at the end of 3 years assuming that your money can be invested at 10%. (Use Microsoft Excel to calculate present values. Do not round intermediate calculations.)

Explanation / Answer

Thank you

Year investment pv at 10 percent present value $ at the end of the year 1 $10,000 0.909090909 $9090.90909 2 $10,000 0.826446281 8264.46281 3 $10,000 0.7513148 $7513.148

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