The present value of 600 due in 1 year at a discount rate, Financial Management

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The present value of 600 due in 1 year at a discount rate

An initial $600 compounded for 1 year at 8.7%. An initial $600 compounded for 2 years at 8.7%.

The present value of $600 due in 1 year at a discount rate of 8.7%. The present value of $600 due in 2 years at a discount rate of 8.7%.

How to do calculation for this kind of percentage?

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Financial Management: The present value of 600 due in 1 year at a discount rate

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Financial Management: The present value of 600 due in 1 year at a discount rate

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