Question

If the interest rate is 10​%, what is the present valueLOADING... of a security that pays you ​$1 comma 100 next​ year, ​$1 comma 230 the year​ after, and ​$1 comma 331 the year after​ that?

Answer 1

Full Question :

If the interest rate is 10%, what is the present value of a security that pays you $1100 next year, $1230 the year after, and $1331 the year after?

Answer:

The Present Value is $3,016.53  

Explanation:

Kindly find attached for details.