Answer:
$9,090.91
Explanation:
The computation of today price is shown below:
Present value = One time payment × (1 + interest rate)^ number of years
= $10,000 × (1 + 0.10)^1
= $10,000 × 0.909090
= $9,090.91
Simply we determine the discount factor and then multiplied it with the one time payment so that estimated value can come
