(Solved): Present value =PV=(1+I)N1N A graph of the discounting process shows how the present value of ...

Present value $$=\mathrm{PV}=\frac{1?\mathrm{N}}{(1+\mathrm{I}{)}^N}$$ A graph of the discounting process shows how the present value of any sum to be received in the future decreases and approaches [ as the years to receipt increases, and the present value declines faster at higher $$?$$ interest rates. The fundamental goal of financial management is to maximize the firm's value, and the value of any asset is the value of its expected future cash flows. One can solve for either the interest rate or the number of periods using the FV and the PV equations. The easiest way to solve for these variables is with a financial calculator or a spreadsheet. Round your answer to the nearest cent. intermediate calculations. Round your answer to the nearest cent.