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What it the present value of $2,000 that you expect to receive in 3 years assuming you could invest the money today and earn a 5% annual return?.

Respuesta :

okpalawalter8

A present value of $2,000 that you expect to receive in 3 years, the future value is mathematically given as

F=2315.24

What is the Future value of $2,000?

Generally, the equation for the present value is mathematically given as

P= fv*1/(1+r)n

Therefore

2000=F *1/(1+0.05)^3

F=2315.24

In conclusion, the Future value

F=2315.24

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