What is the present value of RM9,070 to be received 5 years from today if the discount rate is 16 percent? Select one: a. RM4,165.790 b. RM4,126.590 c. RM4,327.689 d. RM4,318.345

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
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What is the present value of RM9,070 to be received 5 years from today if the discount rate is 16 percent?

Select one:

a. RM4,165.790

b. RM4,126.590

c. RM4,327.689

d. RM4,318.345

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