You are required to calculate the PV for deposit amount $5,000 to be received annually at the end of years 1 and 2, followed by $6,000 annually at the end of years 3 and 4, and concluding with a final payment of $1,000 at the end of year 5, all discounted at 6 percent?
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Answer:
1000
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Answer:
approximately $3,940.00
We see that the present value of receiving $5,000 three years from today is approximately $3,940.00 if the time value of money is 8% per year, compounded quarterly.
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