Present Value: Accumulated, Discounted, and Compounded Interest
a. What is present value?
b. What is the present value of $1,000 to be received in five years discounted back to the present at six percent?
c. What is the future value of $1,000 invested for 10 years at ten percent interest compounded annually?
d. What is the accumulated value of $1,000 received annually for five years at five percent?