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Find the value of your investment two years from now

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Question: You will receive $6,800 three years from now. The discount rate is 10 percent.

a. What is the value of your investment two years from now? Multiply $6,800 × (1/1.10) or divide by 1.10 (one year's discount rate at 10 percent). (Do not round intermediate calculations. Round your answer to 2 decimal places.)

b. What is the value of your investment one year from now? Multiply your answer to part a by (1/1.10). (Do not round intermediate calculations. Round your answer to 2 decimal places.)

c. What is the value of your investment today? Multiply your answer to part b by (1/1.10). (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM131744130

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