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Calculate the present value of a payment

Question 1. Calculate the present value of a payment of $1,075 you would received for 10 years if the interest rate is 5%.

Question 2. Calculate the present value of a payment of $875 you would received for 15 years if the interest rate is 5%.

Question 3. Calculate the present value of a payment of $1,075 you would received for 10 years if the interest rate is 20%.

Question 4. Calculate the present value of a payment of $875 you would received for 15 years if the interest rate is 20%.

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Finance Basics: Calculate the present value of a payment

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