What is the present value of $5,000 to be received in 4 years, assuming a discount rate of 6% per annum? a) $3,954.71 b) $4,125.32 c) $4,320.15 d) $3,751.36

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
Question
What is the present value of $5,000 to
be received in 4 years, assuming a
discount rate of 6% per annum? a)
$3,954.71 b) $4,125.32 c) $4,320.15 d)
$3,751.36
Transcribed Image Text:What is the present value of $5,000 to be received in 4 years, assuming a discount rate of 6% per annum? a) $3,954.71 b) $4,125.32 c) $4,320.15 d) $3,751.36
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