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School
Tri-County Technical College *
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Course
MISC
Subject
Finance
Date
Nov 24, 2024
Type
png
Pages
1
Uploaded by BailiffPower11171
WHAT
YOU
NEED
TO
KNOW
To
calculate
the
amount,
or
present
value,
that
must
be
deposited
today
to
grow
to
$100,000
5
years, use
Table
B-1in
Appendix
B
to
find
the
present
value
factor
for
a
single
sum
at
3%
and
5
years.
This
factor
is
0.863
(rounded).
Multiplied
by
the
future
value
of
$100,000,
we
find
that
we
must
deposit
$86,300
today
to
have
accumulated
$100,000
in
five
years.
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