Cryptocurrency Q&A
How do you discount money?
How do you discount money?
Emanuele
Sun Dec 15 2024
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7
answers
1680
I'm trying to figure out how to discount money, but I'm not sure how to calculate it properly. Is there a specific formula or method I should use to determine the discounted amount?
7 answers
Arianna
Tue Dec 17 2024
To determine the current worth of this future payment, a discount rate is applied.
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Riccardo
Tue Dec 17 2024
A 3% discount rate is often used for such calculations.
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EchoWave
Tue Dec 17 2024
Applying this rate, the present value can be calculated using the formula: $1,000/(1+3%)^201.
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GeishaElegance
Tue Dec 17 2024
Imagine receiving a payment of $1,000 in the year 2221.
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Michele
Tue Dec 17 2024
Performing the calculation results in a present value of $2.71.
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