The Present Value of $2,000 to Be Received Nine Years $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

True/False

The present value of $2,000 to be received nine years from today at 8% interest compounded annually is $1,000.40.(PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$