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To Find the Present Value of $1000 Discounted for 20

Question 46

Multiple Choice

To find the present value of $1000 discounted for 20 years at 8%, when using a financial calculator, the correct entry is


A) N=20, i=.08,PMT=0, FV=1000 solve for PV.
B) N=20, i=8,PMT=0, FV=1000 solve for PMT.
C) N=20, i=.08,PMT=0, PV=1000 solve for FV.
D) N=20, i=8,PMT=0, FV=1000 solve for PV.

Correct Answer:

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