we are learning about present value can you help me with a couple of examples. if I need 1 million dollars in a year and I can earn 8% interest how much would I need to invest today? I know the formula is 1,000,000 =PV *(1 =.08) n is the n 12 for 12 months or 1 since the interest rate is 8% per year and I am looking for the PV after 1 year at 8%….of the choices the only two that make since are ether 925,926 or 909,091 I also need to calculate the PV of 10,000 in 1 year at 6% the best choices are either 9,433 or 9,090 can you help me choose the correct answers but more importantly I need to understand how the formula works so I can do it on the test and in my life as this is a cool concept.
we are learning about present value can you help me with a couple of examples. if I need 1 million dollars in a
year and I can earn 8% interest how much would I need to invest today?
I know the formula is 1,000,000 =PV *(1 =.08) n is the n 12 for 12 months or 1 since the interest rate is 8% per year and I am looking for the PV after 1 year at 8%….of the choices the only two that make since are ether 925,926 or 909,091
I also need to calculate the PV of 10,000 in 1 year at 6% the best choices are either 9,433 or 9,090 can you help me choose the correct answers but more importantly I need to understand how the formula works so I can do it on the test and in my life as this is a cool concept.
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