Cynthia B.
asked 07/09/19
What is the present value of CD with 4% annual interest that matures in 1 year with the value of $3000? What is the future value? What factor would determine which value you chose to use?
Joseph B.
answered 07/10/19
Results Oriented - Ivy League - Business School - FinTech Trained
The present value (PV) is $2,912. The inputs are below.
Inputs
FV = $3,000
N = 1
I = 3%
PV?
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