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Find the pv due in five years

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Reference no: EM132510329

Question1 : Find the PV of $1,000 due in 5 years if the discount rate is 10% per year. Again, work the problem with a formula and also by using the function wizard.

Inputs:

FV =         1000
I/YR =          10%
N =  5

Formula:

PV = FV/(1+I)AN =
Wizard (PV):

Note: In the wizard's menu, use zero for Pint because there are no periodic payments. Also, set the FV with a negative sign so that the PV will appear as a positive number.

Reference no: EM132510329

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