PV example, I Suppose that you need $4,000 to pay your tuition. 1-year CD interest rate is 7%. How much do you need to put up today? Formula: PV = FV
{"Image DocumentName": "PV example, ISuppose that you need  4,000 to pay your tuition. 1-year CD interest rate is 7%. How much do you need to put up today?", "Image ImageDescription": "Formula: PV = FV / (1 + i)N =  4,000 / (1 + 7%)1 =  3, Table A.1: PV =  4,000 \uf0b4 =  3, Calculator: 4000 FV; 7 I/Y; 1 N; CPT PV. The answer is -3,", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}