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You are solving a present value equation using a financial calculator and are given the number of years for compounding. This should be entered as the ______ value on the financial calculator. Multiple choice question. I/Y FV PMT N

Respuesta :

The number of years for compounding should be entered as the N value on the financial calculator.

What does present value mean?

Present value is the sum of discounted cash flows. The future value is discounted at the interest rate. It is the value today of a future amount of money.

For example, if you would receive a lump sum of 1000 in 10 years. The discount rate is 10%. The present value is: 1000 / 1.1^10 = $385.54

To learn more about present value, please check: https://brainly.com/question/26537392

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