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؟

$837.48

$888.89

$900.00

$940.00

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.