What is the present value present value of 10,000, 4 years from now, at an APY of 5%

Question

What is the present value present value of 10,000, 4 years from now, at an APY of 5%

Answer 1

Present value is obtained by dividing the initial amount by (1+ r)^n

Here, your initial amount is 10,000
r = 0.05
n = 4

Therefore, PV = 10,000/((1.05)^4)