What is the present value on January 1, 2019, of $50,000 due on January 1, 2023,...
What is the present value on January 1, 2019, of $50,000 due on January 1, 2023, and discounted at 16% compounded quarterly?
Homework Answers
Correct answer---------26,695.41 or 26,695 or $26,700.......Depending upon roundoff requirements.
Working
| Amount to be received (A) | PV factor (B) | Present value (A x B) |
| $ 50,000.00 | 0.534 | $ 26,700.00 |
Alternate solution
| Amount to be received (A) | PV factor (B) | Present value (A x B) |
| $ 50,000.00 | 0.5339 | $ 26,695.00 |
PV factor is @4%. .
4% is 1/4th of 16%
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