Previous TVM Home Next TVM03 - Present Value of a Single Sum TVM03 - Present Value of a Single Sum from Richard Campbell Audio Transcript What is the present value of $115,292 to be paid in six years discounted at 11.5% compounded annually?First, plug in the known values into the appropriate cells:The future value – FV – is $115,292The interest rate – Rate – is 11.5%The number of periods – NPER – is 6The unknown – present value – PV is determined byGoing to the formulas tab, look for the PV function.The function wizard pops upSelect FV,Select Rate,Select NPERHit OKThe present value is $60,000