Money is currently valued-annual interest

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Reference no: EM13264164

A list of last 3 transactions of a businessman is as follows:

a. $1000 deposited 3 years ago (positive);

b. $2000 to be paid 2 years from now;

c. $ 3000 to be received 3 years from now.

The money is currently valued at 13% annual interest. Determine the following:

1. The present worth of each transaction.

2. The current Net Present Value/worth (NPV) of the businessman assuming no interest has been paid or withdrawn.

Reference no: EM13264164

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