What is the present value of $1,250 to be received 4 years from now discounted back to the present at 18 percent?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 7P
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Kindly help me with general accounting question

What is the present value of $1,250 to be
received 4 years from now discounted back to
the present at 18 percent?
Transcribed Image Text:What is the present value of $1,250 to be received 4 years from now discounted back to the present at 18 percent?
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