Answer:
the present value is $156,853.0928
Explanation:
The computation of the present value is shown below:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
$250,000 = Present value × (1 + 0.06)^8
$250,000 = Present value × 1.06^8
Now the present value is
= $250,000 ÷ 1.06^8
= $156,853.0928
Hence, the present value is $156,853.0928
