What is the present value of $175,493 received 20 years from today when interest rate is 6% per year? $ ____. (Round to the nearest dollar.)

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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What is the present value of $175,493 received 20 years from today when the
interest rate is 6% per year? $___. (Round to the nearest dollar.)
Transcribed Image Text:What is the present value of $175,493 received 20 years from today when the interest rate is 6% per year? $___. (Round to the nearest dollar.)
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