document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=257407>Question 257407</A>: <I><SPAN STYLE=\"word-break: break-all;\"> a person will receive rs.5000six years from now.what is its present value at a compounded discount rate of 8%. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #189476 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=189476\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> p=5000/(1+.08)^5<BR>\n" );
document.write( "p=5000/1.469328<BR>\n" );
document.write( "p=$3403 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );