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is based on the notion that a dollar paid in the future is less valuable...

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Accounting

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is based on the notion that a dollar paid in the future is less valuable than a dolar paid today The present value of a loan in which $1000 is to be paid out a year from today with the intere ostrato equal to 4% is (Round your response to the nearest two decimal place) If a loan is paid after two years, and the amount $3000 is to be paid then with a corresponding 4% interest rate, the present value of the loan is $ (Round your response to the neareast two decimal place)

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