Answered: What is the present value of RM4,500 to…

What is the present value of RM4,500 to be received 10 years from today if the discount rate is 6 percent? Select one: a. RM2,126.590 b. RM2,327.689 c. RM2,165.790 d. RM2,512.776

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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Question

What is the present value of RM4,500 to be received 10 years from today if the discount rate is 6 percent?

Select one:

a. RM2,126.590

b. RM2,327.689

c. RM2,165.790

d. RM2,512.776

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