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irina1246 [14]
3 years ago
9

What is the present value (PV) of $50,000 received eighteen years from now, assuming the interest rate is 4% per year

Business
1 answer:
LuckyWell [14K]3 years ago
8 0

Answer:

$24,681.41

Explanation:

In this question, we use the present value formula which is shown in the spreadsheet.  

The NPER reflected the time period.

Provided  that,  

Future value = $50,000

Rate of interest = 4%

NPER = 18 years

The formula is presented below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the answer would be $24,681.41

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