Answer :
Answer:
Present Value = $76363.636363 rounded off to $76363.64
Explanation:
The present value can be calculated using the following formula,
Present Value = Future Value / (1+r)^t
Where,
- r is the rate of return
- t is the time period
Present Value = 84000 * (1+0.10)^1
Present Value = $76363.636363 rounded off to $76363.64