The present value of $1,000 to be received in 1 year with annual compounding at a 10% per year rate, would be:
$900.00.
$909.09.
$990.90.
$1,100.
I = PRT
I = 1,000 * 0.1 * 1
I = 100
$900.00.
$909.09.
$990.90.
$1,100.
I = 1,000 * 0.1 * 1
I = 100