Unformatted text preview: Think Break #19 Suppose you planted ginseng this year, to be harvested in 4 years for $10,000/ac. At a 7.5% discount rate, what is the present value of $10,000 in 4 years? Think Break #19 Answer Suppose you planted ginseng this year, to be harvested in 4 years for $10,000/ac. At a 7.5% discount rate, what is the present value of $10,000 in 4 years? PV = 10,000 x 1/(1.075)4 = $7,488.01 ...
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 Spring '08
 MITCHELL

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