Homework SourseIf the interest rate is 10 the present value of 200 paid one
If the interest rate is 10% the present value of $200 paid one year from now equals
If the interest rate is 10% the present value of $200 paid one year from now equals
Solution
Ans:
| FV | PV factor at 10% | PV |
| 200 | 0.909 | 181.8 |
