Cost Management 6th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins

Exercise 26

What is the present value of $1,000 to be received two years from now, if the discount rate is: (a) 10 percent, (b) 14 percent, and (c) 20 percent Use both the appropriate table in the text (Appendix C, Table 1) and the appropriate function in Excel to answer these questions.