# Question: the present value of k payable in 3 years is...

###### Question details

The
present value of K payable in 3 years is 1450$ if the force of in-
terest is δ, and the present value of K payable in 3 years becomes
2000$ if the force of interest is δ/3. Determine the present value
of K payable in 3 years, when the discount rate used is two times
the discount rate induced by the force of interest.