Present value calculation Without referring to the preprogrammed function on your financial calculator, use the basic formula for present value, along with the given discount rate, r, and the number of periods, n, to calculate the present value of $1 in the case shown in the following table. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Opportunity cost, r Number of periods, n 4% 6 The present value of $1 is $ (Round to three decimal places.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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K
Present value calculation Without referring to the preprogrammed
function on your financial calculator, use the basic formula for
present value, along with the given discount rate, r, and the number
of periods, n, to calculate the present value of $1 in the case shown in
the following table. (Click on the icon here in order to copy the
contents of the data table below into a spreadsheet.)
Opportunity cost, r
4%
The present value of $1 is $
Number of periods, n
6
(Round to three decimal places.)
Transcribed Image Text:st K Present value calculation Without referring to the preprogrammed function on your financial calculator, use the basic formula for present value, along with the given discount rate, r, and the number of periods, n, to calculate the present value of $1 in the case shown in the following table. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Opportunity cost, r 4% The present value of $1 is $ Number of periods, n 6 (Round to three decimal places.)
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