You need cash of $14,000 to be received in 3 years, discounted at 5% compounded annually. Indicate the inputs to be entered in the financial calculator keys. What is the present value of the amount to be received? (Round present value answer to two decimal places (e.g., 52.75).) Inputs Calculator Keys N Present value $ ? N/A PV PMT FV
You need cash of $14,000 to be received in 3 years, discounted at 5% compounded annually. Indicate the inputs to be entered in the financial calculator keys. What is the present value of the amount to be received? (Round present value answer to two decimal places (e.g., 52.75).) Inputs Calculator Keys N Present value $ ? N/A PV PMT FV
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:You need cash of $14,000 to be received in 3 years, discounted at 5% compounded annually. Indicate the inputs to be entered in
the financial calculator keys. What is the present value of the amount to be received? (Round present value answer to two
decimal places (e.g., 52.75).)
Inputs
Calculator Keys
N
Present value
$
?
N/A
PV
PMT
FV
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