Calculate the present value (PV) of £20k in 10 years' time, discounting at 5% per year.

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
Problem 3CC
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Calculate the present value (PV) of £20k in 10 years' time, discounting at 5% per year.
Transcribed Image Text:Calculate the present value (PV) of £20k in 10 years' time, discounting at 5% per year.
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