True/False
Discounted at 6%, $1000 received three years from now is worth less than $800 received today. 
(App. B: 3 periods, 6%)
= $1,000 x .840 = $840
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: The future value of an annuity assumes
Q2: The IF for the future value of
Q4: The time value of money concept becomes
Q6: A dollar today is worth more than
Q7: Mr. Fish wants to build a house
Q8: To find the yield on investments which
Q10: If you were to put $1,000 in
Q11: Football player Walter Johnson signs a contract
Q42: The future value is the same concept
Q43: The amount of annual payments necessary to