natenut2006 natenut2006

06-02-2018
Business

contestada

What is the present value of $500 due in 2 years at a discount rate of 3%.

Respuesta :

mathmate mathmate

06-02-2018

P=present value
F=future value=500
n=number of years=2
i=annual interest rate=3%

We have
F=P(1+i)^n
=>
P=F/(1+i)^n
=500/(1.03^2)
= 471.30 to the nearest cent

Answer Link

Otras preguntas

B. Word Forms Write the correct form of each word given in brackets to fill in the spaces in the sentences given below. Do not write out the whole sentence. 1.

Critics often point out that disproportionate rates of violent crime and victimization tend to be higher in African-American communities. Offer three structural

factorize x²+17x+6 =????

Which statement is the best summary of paragraph 2? A As the narrator approaches Primrose Hill, he finds more signs of the dying Martians. B The narrator explor

What is -3.5 divided by 7?

What is the common difference in the arithmetic sequence 30, 27, 24, 21, 18, ...?

What's 1+1? I must have a detailed explanation on the answer.

i need answer please

help asap Circle the correct answer. 1. They aren't coming / They won't come with us tomorrow. They're busy. 2. I don't want to talk to Lisa about it. She isn't

(ILL MARK BRAINLIEST) For Alexandra's lemonade recipe, 8 lemons are required to make 4 cups of lemonade. Fill out a table of equivalent ratios and plot the poin