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What is the amount of cash that wasp receives today

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Question - Wasp Corporation has a loan agreement that provides it with cash today, and the company must pay $25,000 one year from today, $15,000 two years from today, and $5,000 three years from today. Wasp agrees to pay 10% interest. The following are factors from a present value table:

Periods Interest rate 10%

1 0.9091

2 0.8264

3 0.7513

What is the amount of cash that Wasp receives today?

Reference no: EM131692409

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