To Find the Present Value of $1000 Discounted for 20

Multiple Choice

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

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