7What is the PV of a lumpsum of 62000 to be received in 6 ye

7)What is the PV of a lumpsum of $62,000 to be received in 6 years if the discount rate is 6%?

8)What is the FV of the lumpsum of the $62000 from question 7?

Present value = PV = Lumpsum Value / (1+Discount rate)^Years

Present value = $62000 / (1+6%)^6

Present Value = $43,707.55

Future value = FV = Lumpsum Value x (1+Discount rate)^years

Future value = $62000 x (1+6%)^6

Future value = $87,948.18