What is the present value of $1,000 to be received in 3 years at an annual discount rate of 6%?
سکس فیصد کی سالانہ رعایتی شرح پر 3 سالوں میں 1,000$ کی موجودہ قیمت کتنی ہے؟
Answer: $837.48
Explanation
Using the present value formula: PV = FV / (1 + r)^n, where FV = $1,000, r = 6% = 0.06, and n = 3 years, we get:
PV = $1,000 / (1 + 0.06)^3 = $837.48
So, the present value of $1,000 to be received in 3 years at an annual discount rate of 6% is $837.48.
