compute the present value of an $1600 payment made in
ten yrs when the discount rate is12 percent . do not round
intermediate calculations, rd your ans to 2 decimals
Future Value = $1,600
Period = 10 years
Discount Rate = 12%
Present Value = Future Value * (1 / Discount Rate)^Period
Present Value = $1,600 * (1 / 1.12)^10
Present Value = $1,600 * 0.32197
Present Value = $515.15
compute the present value of an $1600 payment made in ten yrs when the discount rate...