Compute the present value of a single amount.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 15Q: To calculate present value of a lump sum, which table would be used?
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Compute the present value of a single amount.

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Step 1

Computation of the present value (PV) of a single amount can be done by using the below-mentioned formula:

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