Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins

Exercise 14

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