19 Present Value of an Annuity $100 / (1.08) 2 $92.60 $85.73 $79.38 $100/(1.08) 1 $100 / (1.08) 3 $257.71  How much would the following cash flows be worth to you today if you could earn 8% on your deposits.
{"Image DocumentName": "The Future Value of a Single Amount", "Image ImageDescription": "Suppose that you have  100 today and plan to put it in a bank account that earns 8% per year. How much will you have after 1 year? 5? 15? After one year:  100 x (1.08)1 =  100 x 1.08 =  108. After five years:  100 x 1.08 x 1.08 x 1.08 x 1.08 x 1.08 =    100 x (1.08)5 =  100 x =   After fifteen years:  100 x (1.08)15 =  100 x   =   Equation: FV = PV (1 + k)n.  Table I, p. A-1. Appendix.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}