Present Value of Amaunts Due Assume that you are going to.recelve $210,000 in 10 years. The current market rate of lnterest is 6og, compounded annualip. a. Using the present value of 51 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole deilar. X b. Why is the present value less than the $210,000 to be recelved in the future? The present value is less doe to: ​
over the 10 years. Hostase " Bhans Wr Wor haview the teme value of money concept. Recall that the time waile of inoney concepe recognizes that cash received today is warth more than the same amount of cath to be received in the future.