The present value of $100 to be received 10 years from today, assuming an opportunity cost of 9 percent, is

Mathematics

1 answer:

Alona [7]2 years ago

7 0

An opportunity cost of 9 percent, is $42.

We have given that,

The present value of $100 is to be received 10 years from today,

assuming an opportunity cost of 9 percent,

present value =$100

N=10 years

I/y=9

<h3>What is the formula for the present value?</h3>

PV= FV/(1+r)^n

Where FV is the future value.

Use the given values in the formula we get,

Therefore the correct answer is 42.

To learn more about the present value visit:

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