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# Determine the present value of 5000 to be received 4 years from now at the continuously discounted rate of 8 percent?

Updated: 10/17/2022

Wiki User

13y ago

Determine the present value of \$5,000 to be received 4 years from now at the continuously discounted rate of 8 percent.

a) \$6,886

b) \$3,631

c) \$4,616

d) None of the above

I think the answer is D, none of the above, because 8% deducted annually from a starting point of 5000 would leave you with 3582 after 4 years.

Wiki User

13y ago

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