Question 1052056

$7,000 dollars 10 years from now at 7% is worth how much today? 
Answer = 3558
<pre>Never in a million years will {{{7000/(1 + 0.07^10)}}} give you $3,558, as one person has claimed. 
However, the correct equation for PV (Present Value) will give: $3,558.45, which when rounded down, gives: $3,558.